- Textron’s first-quarter revenue missed estimates, at $3.14 billion compared to the estimated $3.29 billion.
- Most of the revenue came from the manufacturing segment, which reached $3.12 billion, just shy of the $3.3 billion estimate.
- The finance segment exceeded estimates, achieving $15 million in revenue against an estimate of $11.1 million.
- It reported a substantial earnings per share (EPS) at $1.03.
- The aviation department revealed a positive trend with a strong market demand contributing to a significant backlog growth of $177 million.
- Looking at the stock’s performance, there are 11 buys, 6 holds, and 1 sell.
Textron Inc on Smartkarma
Analyst coverage of Textron Inc on Smartkarma reveals insights from Baptista Research. In their report, “Textron Inc: Improved Supply Chain and Labor Productivity Could Help Save The Day? – Major Drivers,” Baptista Research highlighted the industrial conglomerate’s strong performance and positive margins as showcased in the fourth-quarter 2023 earnings call. Textron Inc generated $3.9 billion in quarterly revenue, showing growth from the previous year, with a segment profit of $384 million, marking a significant increase from the fourth quarter of the previous year.
Another report by Baptista Research, titled “Textron Inc.: Launch Of CITATION CJ3 Gen2 & Other Major Developments,” discussed Textron Inc‘s recent quarter performance. While revenues fell below market expectations, Textron managed to exceed analyst consensus on earnings. Notably, Bell, Textron’s aerospace division, saw stable revenues with improved margins, especially in military revenues. Textron Systems also reported higher revenues and margins, securing a critical design review contract for the Army’s Future Tactical Unmanned Aircraft System and expanding its uncrewed aerial systems operations with the US.
A look at Textron Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Textron Inc. is positioned quite favorably for long-term growth based on its Smartkarma Smart Scores. With a remarkable Growth score of 5 and Momentum score of 5, the company shows strong potential for expanding its operations in the future. This is further supported by its Value score of 3, indicating a reasonable valuation within the market. Textron Inc.’s resilience, with a score of 3, adds to its stability in navigating various market conditions. However, the company’s Dividend score of 2 may not appeal as much to income-seeking investors.
Textron Inc. operates in multiple industries, including aircraft, defense, industrial products, and finance. Its diverse range of products, such as airplanes, helicopters, weapons, and automotive products, positions it well for long-term success. Additionally, Textron’s finance division offers various financial services, adding another dimension to its business model. Overall, with its favorable Smart Scores, Textron Inc. appears poised for continued growth and success in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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