United Technologies (NYSE: UTX ) is expected to report Q2 earnings on July 23. 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 United Technologies's revenues will expand 18.9% and EPS will shrink -0.6%.
The average estimate for revenue is $16.41 billion. On the bottom line, the average EPS estimate is $1.57.
Last quarter, United Technologies tallied revenue of $14.40 billion. GAAP reported sales were 16% higher than the prior-year quarter's $12.42 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 $1.28. GAAP EPS of $1.39 for Q1 were 286% higher than the prior-year quarter's $0.36 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 27.5%, 110 basis points worse than the prior-year quarter. Operating margin was 13.3%, 20 basis points worse than the prior-year quarter. Net margin was 8.8%, 610 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $64.53 billion. The average EPS estimate is $6.12.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,562 members out of 1,623 rating the stock outperform, and 61 members rating it underperform. Among 432 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 422 give United Technologies 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 United Technologies is outperform, with an average price target of $100.95.
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