Why the Market Dipped But RTX (RTX) Gained Today

In the latest trading session, RTX (RTX) closed at $117.61, marking a +0.88% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.3%. On the other hand, the Dow registered a loss of 0.35%, and the technology-centric Nasdaq decreased by 0.25%.Shares of the an aerospace and defense company witnessed a loss of 6.41% over the previous month, trailing the performance of the Aerospace sector with its loss of 5.07% and the S&P 500's gain of 1.09%.Market participants will be closely following the financial results of RTX in its upcoming release. The company is predicted to post an EPS of $1.36, indicating a 5.43% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $20.58 billion, up 3.27% from the prior-year quarter.For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.56 per share and a revenue of $79.76 billion, representing changes of +9.88% and +7.2%, respectively, from the prior year.It's also important for investors to be aware of any recent modifications to analyst estimates for RTX. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.01% upward. Right now, RTX possesses a Zacks Rank of #3 (Hold).In terms of valuation, RTX is currently trading at a Forward P/E ratio of 20.98. This indicates a premium in contrast to its industry's Forward P/E of 19.11.Meanwhile, RTX's PEG ratio is currently 2.06. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. RTX's industry had an average PEG ratio of 1.66 as of yesterday's close.The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 29% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>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 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