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United Technologies Q4 Earnings in-Line, Revenues Beat

United Technologies CorporationUTX provides high-end technology products and services to the building systems and aerospace industries worldwide. It has a diversified business mix and wide geographical presence to mitigate operating risk. The business mix and diversification allows the company to remain profitable even during tough economic times, delivering consistent earnings and dividend growth.

The company is susceptible to high operating risks following the Brexit referendum, as it has a huge operating exposure in the U.K. Fluctuations in foreign currency exchange rates and macroeconomic turbulences also affect the stability of the company's cash flows. This limits the visibility regarding the company's future performance. With the extent of competition increasing over time, investors have been eagerly awaiting the company's latest earnings report.

UTX has an outstanding earnings track record, and has delivered an average positive earnings surprise of 5.54% in the last four trailing quarters, beating estimates all through.

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

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: UTX reported in-line earnings. The Zacks Consensus Estimate called for EPS of $1.56, which matched the company's adjusted EPS.

Revenue: Revenues beat. UTX posted net sales of $14,659 million, slightly above the Zacks Consensus Estimate of $14,620 million.

United Technologies Corporation Price and EPS Surprise

United Technologies Corporation Price and EPS Surprise | United Technologies Corporation Quote

Key Stats to Note: UTX remains on track with its growth targets for 2020. Incorporating the improved expectations for organic sales growth in the near future, UTX affirms its adjusted earnings guidance for 2017 to $6.30 to $6.60 per share, on sales of $57.5 to $59 billion.

Stock Price: UTX's shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

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

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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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