United Technologies Earnings Preview
United Technologies (NYS: UTX) will try to beat its earnings estimates for the fifth consecutive quarter. The company will unveil its latest earnings on Wednesday, Oct. 19. United Technologies provides high-tech products and services to the building systems and aerospace industries worldwide.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back United Technologies, with 15 of 18 rating it a buy and the remainder rating it a hold. Analysts like United Technologies better than competitor Honeywell International overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $14.55 billion in revenue this quarter. That would represent a rise of 7.5% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $1.45 per share. Estimates range from $1.40 to $1.51.
What our community says:
CAPS All-Stars are solidly backing the stock with 97.1% awarding it an "outperform" rating. The community at large concurs with the All-Stars with 96.1% granting it a rating of "outperform." Fools have embraced United Technologies and haven't been shy with their opinions lately, logging 402 posts in the past 30 days. Even with a robust four out of five stars, United Technologies' CAPS rating falls a little short of the community's upbeat outlook.
United Technologies' profit has risen year over year by an average of 15.1% over the past five quarters. Revenue has now gone up for three straight quarters.
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At the time this article was published