RTX (RTX) Stock Dips While Market Gains: Key Facts

RTX (RTX) closed at $127.31 in the latest trading session, marking a -0.02% move from the prior day. This change lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq added 0.26%.Shares of the an aerospace and defense company have depreciated by 0.79% over the course of the past month, outperforming the Aerospace sector's loss of 4.41% and the S&P 500's loss of 2.26%.Market participants will be closely following the financial results of RTX in its upcoming release. It is anticipated that the company will report an EPS of $1.34, marking stability compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $19.76 billion, reflecting a 2.36% rise from the equivalent quarter last year.For the full year, the Zacks Consensus Estimates project earnings of $6.13 per share and a revenue of $84.28 billion, demonstrating changes of +6.98% and +4.39%, respectively, from the preceding year.Investors should also pay attention to any latest changes in analyst estimates for RTX. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.87% upward. At present, RTX boasts a Zacks Rank of #2 (Buy).Digging into valuation, RTX currently has a Forward P/E ratio of 20.79. This denotes a premium relative to the industry's average Forward P/E of 17.77.We can additionally observe that RTX currently boasts a PEG ratio of 2.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. RTX's industry had an average PEG ratio of 1.82 as of yesterday's close.The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 133, putting it in the bottom 48% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks