Textron Inc. (TXT) is scheduled to release its first-quarter 2024 earnings on Apr 25 before market open.The company holds a four-quarter average earnings surprise of 13.53%. Solid revenue performance across the majority of its business segments is likely to have contributed to the overall performance of Textron in the first quarter of 2024.Textron Aviation, a Key Contributor to RevenuesSolid growth in aftermarket revenues, backed by strong aircraft utilization driven by improved air travel in recent times, ...

The Aerospace group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Textron (TXT) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Aerospace peers, we might be able to answer that question.Textron is a member of the Aerospace sector. This group includes 45 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different groups, meas ...

Wall Street analysts expect Textron (TXT) to post quarterly earnings of $1.28 per share in its upcoming report, which indicates a year-over-year increase of 21.9%. Revenues are expected to be $3.37 billion, up 11.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a comp ...

Textron Inc. (TXT) recently announced that a handful of upgraded aircraft from its Cessna fleet of jets have entered into service following their first delivery.  These aircraft are the Cessna Skyhawk, Cessna Skylane, Turbo Skylane and Turbo Stationair.  These should enhance TXT’s position in the expanding commercial aircraft market.With this latest upgrade, Textron aims at offering its commercial customers a fleet of jets that have a modern and appealing tone like that of the newest Cessna Citation jets wh ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being un ...

Textron (TXT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this maker of Cessna small planes and Bell helicopters have returned -1%, compared to the Zacks S&P 500 composite's -1.1% change. During this period, the Zacks Aerospace - Defense industry, which Textron falls in, has lost 7.2%. The key question now is: What could be the stock's future d ...

Textron (TXT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this maker of Cessna small planes and Bell helicopters have returned +3.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Aerospace - Defense industry, to which Textron belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be headed in the near ter ...

The latest trading session saw Textron (TXT) ending at $96.31, denoting a -0.69% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.15%. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Prior to today's trading, shares of the maker of Cessna small planes and Bell helicopters had gained 5.63% over the past month. This has outpaced the Aerospace sector's loss of 3.76% and the S&P 500's gain of 1.65% in that time.Market participant ...

Shares of Textron (TXT) have been strong performers lately, with the stock up 5.6% over the past month. The stock hit a new 52-week high of $97.34 in the previous session. Textron has gained 20.6% since the start of the year compared to the -5.1% move for the Zacks Aerospace sector and the -9.4% return for the Zacks Aerospace - Defense industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of t ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Textron (TXT) , which belongs to the Zacks Aerospace - Defense industry, could be a great candidate to consider.When looking at the last two reports, this maker of Cessna small planes and Bell helicopters has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 10.95%, on average, in the last two quarters.For t ...