From 24/7 Wall St. · Trey Thoelcke · · 1m
GE Aerospace and RTX Earnings Preview
GE Aerospace and RTX beat earnings estimates but Wall Street expects another guidance raise.
In brief
GE Aerospace and RTX beat earnings estimates but Wall Street expects another guidance raise. GE Aerospace and RTX both beat third-quarter earnings estimates but Wall Street already prices in a full-year EPS guidance raise. Originally reported by 24/7 Wall St..
GE Aerospace and RTX both beat estimates
GE Aerospace and RTX both beat third-quarter earnings estimates and raised full-year guidance.
GE Aerospace Q3 Results
GE Aerospace reported second-quarter adjusted eps of $2.02 against $1.86 consensus with 21.1% revenue growth to $13.35 billion.
RTX Q3 Results
RTX reported $1.89 per share against $1.66 consensus with 22% year-over-year backlog growth.
Consensus Estimates
Analysts expect ge aerospace to report $7.92 full-year eps versus $7.85 guidance and rtx $7.25 versus $7.25 guidance.
Aftermarket Momentum Meets Production Limits
GE Aerospace services revenue rose 26% last quarter while rtix raytheon segment grew 18% on patriot and standard missile volume.
Estimates Already Assume Another Guidance Raise
Wall street already prices in a full-year eps guidance raise for both companies before either reports results.
In short
GE Aerospace and RTX both beat third-quarter earnings estimates but Wall Street already prices in a full-year EPS guidance raise.
