Looking for a stock that might be in a good position to beat earnings at its next report? Consider Raytheon Co.
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This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, RTN has beaten estimates by at least 10% in both cases, suggesting it has a nice short-term history of crushing expectations.
Earnings in Focus
Two quarters ago, RTN expected to earn $1.33 per share, while it actually reported earnings of $1.51 per share, a beat of 13.5%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of $1.35 a share, when it actually saw earnings of $1.58 per share instead, representing a 17.0% positive surprise.
Thanks in part to this history, recent estimates have been moving higher for Raytheon. In fact, the Earnings ESP for RTN is positive, which is a great sign of a coming beat.
After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company's earnings prospects. This is the case for RTN, as the firm currently has a Zacks Earnings ESP of 1.71%, so another beat could be around the corner.
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RAYTHEON CO (NYSE: RTN): Free Stock Analysis Report
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