Unlocking Q3 Potential of Textron (TXT): Exploring Wall Street Estimates for Key Metrics

The upcoming report from Textron (TXT) is expected to reveal quarterly earnings of $1.46 per share, indicating a decline of 2% compared to the year-ago period. Analysts forecast revenues of $3.51 billion, representing an increase of 4.9% year over year.The consensus EPS estimate for the quarter has been revised 3.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.With that in mind, let's delve into the average projections of some Textron metrics that are commonly tracked and projected by analysts on Wall Street.Analysts' assessment points toward 'Revenues- Textron eAviation' reaching $10.75 million. The estimate suggests a change of +53.6% year over year.The consensus among analysts is that 'Revenues- Manufacturing- Bell' will reach $821.67 million. The estimate suggests a change of +9% year over year.The consensus estimate for 'Revenues- Manufacturing- Textron systems' stands at $328.62 million. The estimate indicates a change of +6.4% from the prior-year quarter.Analysts predict that the 'Revenues- Manufacturing- Textron Aviation' will reach $1.46 billion. The estimate indicates a change of +9.4% from the prior-year quarter.The collective assessment of analysts points to an estimated 'Revenues- Finance' of $11.49 million. The estimate points to a change of -11.6% from the year-ago quarter.Analysts forecast 'Revenues- Manufacturing' to reach $3.51 billion. The estimate indicates a year-over-year change of +5.5%.According to the collective judgment of analysts, 'Revenues- Manufacturing- Industrial' should come in at $889.73 million. The estimate points to a change of -3.5% from the year-ago quarter.The combined assessment of analysts suggests that 'Segment Profit- Textron Aviation' will likely reach $179.93 million. Compared to the current estimate, the company reported $160 million in the same quarter of the previous year.The average prediction of analysts places 'Segment Profit- Bell' at $86.38 million. Compared to the present estimate, the company reported $77 million in the same quarter last year.It is projected by analysts that the 'Segment Profit- Textron Systems' will reach $38.28 million. Compared to the present estimate, the company reported $41 million in the same quarter last year.Analysts expect 'Segment profit- Industrial' to come in at $45.56 million. Compared to the present estimate, the company reported $51 million in the same quarter last year.Based on the collective assessment of analysts, 'Segment profit- Manufacturing' should arrive at $331.18 million. The estimate compares to the year-ago value of $310 million.View all Key Company Metrics for Textron here>>>Shares of Textron have demonstrated returns of +2.4% over the past month compared to the Zacks S&P 500 composite's +4.5% change. With a Zacks Rank #3 (Hold), TXT is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want 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 Textron Inc. (TXT): 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