Preview: RTX's Earnings

RTX (NYSE:RTX) will release its quarterly earnings report on Tuesday, 2024-10-22. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate RTX to report an earnings per share (EPS) of $1.34.

The market awaits RTX's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Historical Earnings Performance

Last quarter the company beat EPS by $0.12, which was followed by a 0.42% increase in the share price the next day.

Here's a look at RTX's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.29

1.23

1.25

1.21

EPS Actual

1.41

1.34

1.29

1.25

Price Change %

0.0%

-0.0%

-0.0%

0.0%

Stock Performance

Shares of RTX were trading at $125.92 as of October 18. Over the last 52-week period, shares are up 59.57%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on RTX

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on RTX.

The consensus rating for RTX is Neutral, derived from 10 analyst ratings. An average one-year price target of $128.1 implies a potential 1.73% upside.

Peer Ratings Overview

In this comparison, we ...