Textron Inc reports results for the quarter ended September 30 - Earnings Summary

• Textron Inc TXT.N reported quarterly adjusted earnings of $1.76​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.55. The mean expectation of sixteen analysts for the quarter was for earnings of $1.43 per share. Wall Street expected results to range from $1.15 to $1.65 per share.

• Revenue rose 4.1% to $3.75 billion from a year ago; analysts expected $3.77 billion.

• Textron Inc's reported EPS for the quarter was $1.56​.

• The company reported quarterly net income of $270 million.

• Textron Inc shares had risen by 2.8% this quarter and lost 10.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.2% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 9 "hold" and no "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for Textron Inc is $99.62, about 21.4% above its last closing price of $78.32

This summary was machine generated from LSEG data October 29 at 02:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)