Raytheon Technologies (NYSE:RTX) reported its Q4 earnings results on Tuesday, January 25, 2022 at 06:55 AM.
Here’s what investors need to know about the announcement.
Earnings
Raytheon Technologies beat estimated earnings by 5.88%, reporting an EPS of $1.08 versus an estimate of $1.02, which did not surprise analysts.
Revenue was up $625.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.18, which was followed by a 0.0% increase in the share price the next day.
Here’s a look at Raytheon Technologies’s past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.08 | 0.93 | 0.88 | 0.70 |
| EPS Actual | 1.26 | 1.03 | 0.90 | 0.74 |
| Revenue Estimate | 16.36B | 15.82B | 15.36B | 16.24B |
| Revenue Actual | 16.21B | 15.88B | 15.25B | 16.42B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Raytheon Technologies management provided guidance for their next quarter, expecting earnings between $4.6 and $4.8 per share for the next quarter.
This represents a 335.19% in quarter-over-quarter growth for Raytheon Technologies, a bullish signal to many investors.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
