In the latest trading session, United Technologies (UTX) closed at $ 125.92, marking a -0.76% draw from the previous day. This step saved S&P 500's daily gain of 0.5%. Elsewhere, Dow achieved 0.54% while the tech-heavy Nasdaq added 0.76%.
UTX will seek to show strength as it is approaching its next revenue release. In this report, analysts expect UTX to send earnings of $ 1.77 per. Share. This would not mark any growth from the previous quarter. In the meantime, our latest consensus statement requires revenue of DKK 18.08 billion. USD, an increase of 18.61% from the previous quarter quarter.
Our Zacks Consensus Estimates project earnings of $ 7.93 per month. Share and revenue of DKK 77.01 billion. would represent changes of + 4.2% and + 15.81% respectively from the previous year.
It is also important to note the latest changes to analyst estimates for UTX. These revisions typically reflect the latest short-term business trends that can often change. As a result, we can interpret positive estimate audits as a good sign of the company's business prospects.
Research suggests that these estimate audits are directly correlated with the long-term share price. To take advantage of this, we have developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a useful rating system.
From # 1 (Strong Buy) to # 5 (Strong Sell), the Zacks Rank system has a proven, out-of-date track record of outperformance where # 1 shares return to an average of 25% annually since 1988. of the last 30 days our consensus EPS projection has moved 0.4% higher. UTX is currently a Zacks Rank # 2 (Buy).
With regard to valuation, UTX is currently trading at a Forward P / E ratio of 16.01. Its industry sports an average Forward P / E of 16.02 so we can conclude that UTX is trading at a discount on a comparison.
We can also see that UTX has a PEG ratio of 1.82. This popular metric resembles the well-known P / E ratio, the difference being that the PEG ratio also takes into account the company's expected earnings growth. UTX's industry had an average PEG ratio of 1.86 from yesterday's proximity.
The diversified operating industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 72, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our individual industrial groups by measuring the average Zacks Rank of the individual shares in groups. Our research shows that the top 50% rated industries surpass the bottom half by a factor of 2 to 1.
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United Technologies Corporation (UTX): Free Stock Analysis Report
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