Anticipated Highlights in Upcoming Textron Earnings Statement
Textron Inc. (TXT), a global conglomerate operating in the aircraft, defense, industrial, and finance sectors, has reported a strong Q1 performance. The company's adjusted earnings per share (EPS) for the quarter rose 6.7% year-over-year to $1.28, surpassing the consensus estimates by 9.4%. Moreover, the company's revenue for Q1 increased 5.5% year-over-year to $3.3 billion, also surpassing Wall Street estimates.
The growth in the Bell segment, one of Textron's six operating segments which also include Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance, was a significant factor in the revenue increase.
As of the current paragraph, the consensus opinion on TXT is somewhat optimistic, with a "Moderate Buy" rating overall. Of the 14 analysts covering the stock, opinions include six "Strong Buys," seven "Holds," and one "Strong Sell." The mean price target of $85.50 suggests a 4% upside potential from current price levels.
Investors are now looking forward to Textron Inc.'s second-quarter results, set to be unveiled on Thursday, July 24, before the market opens. Analysts expect TXT to report non-GAAP earnings of $1.44 per share in the second quarter, down 6.5% from the profit of $1.54 per share reported in the year-ago quarter.
For the current year, analysts expect Textron Inc.'s earnings to come in at $6.12 per share, up 11.7% from $5.48 per share reported in the year-ago quarter. In fiscal 2026, Textron Inc.'s earnings are expected to rise 9.5% year-over-year to $6.70 per share.
While specific Q2 2022 earnings expectations and analyst ratings for Textron Inc. are not yet available, these figures offer a glimpse into the company's anticipated performance. To find more detailed historical analysis, investors are advised to check financial news platforms, brokerage websites, or financial databases such as FactSet, Morningstar, or S&P Capital IQ.
Following the release of its Q1 earnings on Apr. 24, TXT stock rose 2.6%. The company's strong performance and optimistic outlook continue to make it a compelling investment option in the aerospace and defense sectors, subject to market conditions.
Textron Inc.'s strong Q1 performance, particularly in the Finance segment, has reinforced the optimistic consensus opinion about the company. As investors anticipate the Q2 results on July 24, they are closely watching analyst expectations for a potential 4% upside in the share price.
