RTX (RTX) Reports Q3: Everything You Need To Know Ahead Of Earnings

Aerospace and defense company Raytheon (NYSE:RTX) will be reporting earnings tomorrow before market hours. Here’s what you need to know.

RTX beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $19.72 billion, up 7.7% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ organic revenue estimates and operating margin estimates.

Is RTX a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting RTX’s revenue to grow 4.6% year on year to $19.82 billion, slowing from the 11.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.34 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. RTX has missed Wall Street’s revenue estimates twice over the last two years.

Looking at RTX’s peers in the aerospace and defense segment, only Byrna has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 194%. The stock was down 18.4% on the results.

Read our full analysis of Byrna’s earnings results here.

There has been positive sentiment among investors in the aerospace and defense segment, with share prices up 3.3% on average over the last month. RTX is up 4.9% during the same time and is heading into earnings with an average analyst price target of $126.65 (compared to the current share price of $126.19).

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