RTX Corp reports results for the quarter ended March 31 - Earnings Summary

• RTX Corp RTX.N reported quarterly adjusted earnings of $1.47​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.34. The mean expectation of twenty analysts for the quarter was for earnings of $1.35 per share. Wall Street expected results to range from $1.26 to $1.41 per share.

• Revenue rose 5.2% to $20.31 billion from a year ago; analysts expected $19.79 billion.

• RTX Corp's reported EPS for the quarter was $1.14​.

• The company reported quarterly net income of $1.54 billion.

• RTX Corp shares had fallen by 4.8% this quarter and gained 9.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.2% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the aerospace & defense peer group is also "buy"

• Wall Street's median 12-month price target for RTX Corp is $136.00

This summary was machine generated from LSEG data April 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)