The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Raytheon's revenues will contract -3.6% and EPS will decrease -7.8%.
The average estimate for revenue is $5.77 billion. On the bottom line, the average EPS estimate is $1.30.
Last quarter, Raytheon logged revenue of $5.88 billion. GAAP reported sales were 1.0% lower than the prior-year quarter's $5.94 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 $1.56. GAAP EPS of $1.48 for Q1 were 12% higher than the prior-year quarter's $1.32 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 21.7%, 20 basis points better than the prior-year quarter. Operating margin was 12.0%, 10 basis points better than the prior-year quarter. Net margin was 8.3%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $23.51 billion. The average EPS estimate is $5.44.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Raytheon is hold, with an average price target of $58.60.
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