Textron Inc. (TXT) Misses on Q4 Earnings and Revenues

Textron Inc.TXT , the aerospace and defense company is globally known for its most recognizable and valuable brand names such as the Bell Helicopter. This diversified U.S. conglomerate has a strong presence in diverse areas of business jets and other general aviation aircraft, helicopter and aircraft engines.

However, global political uncertainties and intensifying competition causes of concern.

Earnings Surprise History

Textron has reported earnings surprise of 0.00% in the third quarter. The company reported positive earnings surprises in two of the last four quarters with an average positive surprise of 1.53%.

Zacks Rank

Currently, Textron has a Zacks Rank #3 (Hold), but that could definitely change following Textron's fourth-quarter and full-year 2016 earnings report which was just released. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

We have mentioned below some of the vital information from this just-revealed announcement:

Earnings Miss: Our consensus called for fourth quarter EPS of 87 cents, and the company reported EPS of 80 cents.

Textron Inc. Price and EPS Surprise

Textron Inc. Price and EPS Surprise | Textron Inc. Quote

Revenue Miss: Textron posted revenues of $3.83 million in fourth quarter, compared to our consensus estimate of $3.90 billion.

Key Developments to Note

Textron announced its adjusted earnings guidance for 2017 in the range of $2.50 − $2.70 per share. The company also expects its revenue to be $14.3 billion during 2017, reflecting year over year improvement of 4%.

Stock Price: Following the earnings release, share prices for the company made no significant change in the pre-market trading session.

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

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Textron Inc. (TXT): Free Stock Analysis Report

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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.

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