Markets

Raytheon (RTN) Misses on Q4 Earnings and Revenue Estimates

Raytheon Company RTN is the world's largest missile manufacturer. It is one of the largest aerospace and defense companies in the U.S. with a diversified line of military products including missiles, radars, sensors, surveillance and reconnaissance equipment, communication and information systems, naval systems, air traffic control systems, and technical services.

Currently, Raytheon has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Raytheon delivered positive earnings surprise in the last four quarters with an average beat of 6.27%.

The key takeaways from this immediate announcement are highlighted below:

Earnings: Raytheon lagged earnings expectations. Our consensus called for EPS of $1.86, and the company reported adjusted EPS of $1.84.

Raytheon Company Price and EPS Surprise

Raytheon Company Price and EPS Surprise | Raytheon Company Quote

Revenue: The company missed revenue expectations. Raytheon posted revenues of $6,238 million, compared to our consensus estimate of $6,515 million.

Key Stats to Note: Bookings fell 3.6% year over year during the quarter to $7,577 million. Backlog at the end of the fourth quarter was $36.9 billion, up from $34.7 billion a year-ago.

Check back later for our full write up on this Raytheon earnings report later!

Zacks' Best Private Investment Ideas

While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.

Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>

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

Raytheon Company (RTN): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More