Rockwell Collins (COL) Misses on Q4 Earnings and Revenues
Rockwell Collins Inc.COL is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.
However, the company is subject to high risks from budget cuts. As a result, the company is cautious and is proactively involved in lowering costs to fuel bottom line growth.
Estimate Trend & Surprise History
Rockwell Collins' current quarter estimate over 90 days decreased by 1 cent and presently the consensus estimate stands at $1.41.
Talking about the earnings surprise, COL came out with positive earnings surprise in two of the last four earnings reports marking an average beat of 0.73%. The company currently has a Zacks Rank #3 (Hold).
Going further things could definitely change given the company's recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings Miss: Rockwell Collins reported fourth-quarter fiscal 2015 earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.41 per share.
Revenue Miss: The company also failed to beat the revenue expectations. Rockwell Collins posted revenues of $1,384 million for the third quarter, compared to our consensus estimate of $1,400 million.
Key Stats to Note: The company expects its fiscal 2016 earnings to a range of $5.20-$5.40 per share on revenues of $5.3 billion−$5.4 billion.
Check back later for our full write up on this Rockwell Collins earnings report later!
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