Textron (NYSE: TXT ) is expected to report Q2 earnings on July 19. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Textron's revenue will expand 9.5% and EPS will improve 51.7%.
The average estimate for revenue is $2.99 billion. On the bottom line, the average EPS estimate is $0.44.
Last quarter, Textron logged revenue of $2.86 billion. GAAP reported sales were 15% higher than the prior-year quarter's $2.48 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.41. GAAP EPS of $0.40 for Q1 were 344% higher than the prior-year quarter's $0.09 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 18.2%, 250 basis points better than the prior-year quarter. Operating margin was 7.4%, 400 basis points better than the prior-year quarter. Net margin was 4.1%, 290 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $12.41 billion. The average EPS estimate is $1.95.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 530 members out of 581 rating the stock outperform, and 51 members rating it underperform. Among 159 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 149 give Textron a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Textron is outperform, with an average price target of $29.15.
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013
." I invite you to take a copy, free for a limited time. Just click here
to access the report and find out the name of this under-the-radar company.