Rockwell Collins Tops Q2 Earnings & Revenue Estimates

Rockwell Collins Inc. (COL - Free Report) is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.

However, dependence on international sales, a highly competitive market and high exposure to fixed-price contracts raise concerns.

Estimate Trend & Surprise History

Rockwell Collins’ current quarter estimate has remained stable over last 30 days and the consensus estimate stands at $1.31.

Talking about the earnings surprise, Rockwell Collins came out with positive earnings surprise in the last four earnings reports marking an average positive surprise of 2.07%.

The company currently has a Zacks Rank #3 (Hold). Going further things could definitely change given the company’s recently released earnings results.

Going below we have mentioned some of the vital information from this just-revealed announcement:

Earnings Beat: Rockwell Collins reported second-quarter fiscal 2017 adjusted earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share.

Revenue Beat: The company successfully beat the revenue expectations. Rockwell Collins posted revenues of $1,342 million for the first quarter, compared to our consensus estimate of $1,330 million.

Rockwell Collins, Inc. Price and EPS Surprise

 

Rockwell Collins, Inc. Price and EPS Surprise | Rockwell Collins, Inc. Quote

Key Stats to Note: The company has raised its fiscal 2017 revenue guidance to the range of $6.7–$6.8 billion, compared to earlier projection range of $5.3 -$5.4 billion. It also provided adjusted earnings guidance in the range of $5.95–$6.15.

Disclosure: Zacks.com contains statements and statistics that have been obtained from sources ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.