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Providence, Rhode Island-based Textron Inc. (TXT) operates in the aircraft, defense, industrial, and finance businesses worldwide. With a market cap of $14.8 billion, the company operates in six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance.
The company is set to unveil its second-quarter results on Thursday, July 24, before the market opens. Ahead of the event, analysts expect TXT to report non-GAAP earnings of $1.44 per share, down 6.5% from the profit of $1.54 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in three of the past four quarters, while missing on one occasion.
For the current year, its earnings are expected to come in at $6.12 per share, up 11.7% from $5.48 per share reported in the year-ago quarter. Moreover, in fiscal 2026, its earnings are expected to rise 9.5% year-over-year to $6.70 per share.
TXT stock has declined 4.6% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund’s (XLI) 22.8% surge and the S&P 500 Index’s ($SPX) 13.4% uptick during the same time frame.
TXT stock rose 2.6% following the release of its Q1 earnings on Apr. 24. The company’s revenue increased 5.5% year-over-year to $3.3 billion and surpassed the Wall Street estimates, mainly driven by a robust growth in its Bell segment. Additionally, the company’s adjusted EPS rose 6.7% year-over-year to $1.28 and surpassed the consensus estimates by 9.4%.
The consensus opinion on TXT is somewhat optimistic, with a “Moderate Buy” rating overall. Of the 14 analysts covering the stock, opinions include six “Strong Buys,” seven “Holds,” and one “Strong Sell.” Its mean price target of $85.50 suggests a 4% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
