RTX (RTX) Exceeds Market Returns: Some Facts to Consider

RTX (RTX) ended the recent trading session at $119.23, demonstrating a +0.96% swing from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.61%. On the other hand, the Dow registered a gain of 0.69%, and the technology-centric Nasdaq increased by 1.31%.Shares of the an aerospace and defense company have depreciated by 0.74% over the course of the past month, underperforming the Aerospace sector's gain of 1.48% and the S&P 500's gain of 5.79%.Investors will be eagerly watching for the performance of RTX in its upcoming earnings disclosure. The company is expected to report EPS of $1.36, up 5.43% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $20.58 billion, indicating a 3.27% upward movement from the same quarter last year.RTX's full-year Zacks Consensus Estimates are calling for earnings of $5.54 per share and revenue of $79.76 billion. These results would represent year-over-year changes of +9.49% and +7.2%, respectively.It's also important for investors to be aware of any recent modifications to analyst estimates for RTX. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, RTX holds a Zacks Rank of #3 (Hold).Digging into valuation, RTX currently has a Forward P/E ratio of 21.32. This indicates a premium in contrast to its industry's Forward P/E of 19.92.Meanwhile, RTX's PEG ratio is currently 2.1. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 1.68 as of yesterday's close.The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 38% echelons of all 250+ industries.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RTX Corporation (RTX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks