RTX (RTX) ended the recent trading session at $198.39, demonstrating a -2.18% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.8%. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, added 1.6%.
The an aerospace and defense company's stock has dropped by 0.26% in the past month, falling short of the Aerospace sector's gain of 1.89% and the S&P 500's gain of 5.15%.
The investment community will be closely monitoring the performance of RTX in its forthcoming earnings report. The company is scheduled to release its earnings on April 21, 2026. It is anticipated that the company will report an EPS of $1.52, marking a 3.4% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $21.55 billion, reflecting a 6.15% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.8 per share and a revenue of $93.31 billion, indicating changes of +8.11% and +5.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for RTX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.15% downward. Right now, RTX possesses a Zacks Rank of #3 (Hold).
In terms of valuation, RTX is currently trading at a Forward P/E ratio of 29.83. This represents a premium compared to its industry average Forward P/E of 24.22.
We can additionally observe that RTX currently boasts a PEG ratio of 2.94. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Aerospace - Defense industry was having an average PEG ratio of 1.78.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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RTX Corporation (RTX): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).