Textron 2Q Earnings Pregame Scorecard

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Last quarter Textron (NYSE:TXT) beat estimates by 5 cents per share and it is up again on Thursday, July 19, 2012.

Expectations

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Analysts currently expect Textron to come in with earnings of 44 cents per share on revenues of $2.99 billion. Analyst estimates range from 42 cents per share to 45 cents per share. Over the past three months, the average estimate has moved up from 43 cents.

Last Quarter's Results

In the first quarter, profit rose more than fourfold to $118 million (40 cents a share) from $29 million (9 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 15.2% to $2.86 billion from $2.48 billion.

Stock Ratings

Analysts are bullish on the stock as seven analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Stock Movement

The stock fell $3.74 per share between May 3, 2012 and May 18, 2012. Looking at change over the last three months, April 18, 2012 and July 13, 2012, the stock price fell $3.50 (-13.1%), from $26.65 to $23.15.

Company Fundamental Trends On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 0.7% in the second quarter of the last fiscal year, 13.5% in the third quarter of the last fiscal year and 4.1% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012 before market open

EPS: 44 cents

Revenue Estimate: $2.99 billion

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