Raytheon (NYSE: RTN ) is expected to report Q3 earnings on Oct. 25. 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 Raytheon's revenues will grow 0.5% and EPS will compress -7.9%.
The average estimate for revenue is $6.16 billion. On the bottom line, the average EPS estimate is $1.28.
Last quarter, Raytheon recorded revenue of $5.99 billion. GAAP reported sales were 3.4% lower than the prior-year quarter's $6.20 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 $1.55. GAAP EPS of $1.41 for Q2 were 16% higher than the prior-year quarter's $1.22 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 22.4%, 200 basis points better than the prior-year quarter. Operating margin was 12.4%, 140 basis points better than the prior-year quarter. Net margin was 7.9%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $24.54 billion. The average EPS estimate is $5.33.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Raytheon is hold, with an average price target of $55.00.
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