Raytheon 2Q Earnings Pregame Scorecard

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Raytheon (NYSE:RTN) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Thursday, July 26, 2012.

Expectations

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Analysts currently expect Raytheon to come in with earnings of $1.22 per share on revenues of $6.03 billion. Analyst estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.24.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $3.31 per share between June 8, 2012 and June 20, 2012.

Company Fundamental Trends

Stock Ratings

Analysts think investors should stand pat on Raytheon with 10 of 17 analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 16.7% to $448 million ($1.32 a share) from $384 million ($1.06 a share) the year earlier, exceeding analyst expectations. Revenue fell 2% to $5.94 billion from $6.06 billion.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012

EPS: $1.22

Revenue Estimate: $6.03 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)