• Textron Inc TXT.N reported quarterly adjusted earnings of $1.34​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.60. The mean expectation of fifteen analysts for the quarter was for earnings of $1.33 per share. Wall Street expected results to range from $1.14 to $2.07 per share.

• Revenue fell 7.2% to $3.61 billion from a year ago; analysts expected $3.81 billion.

• Textron Inc's reported EPS for the quarter was 76 cents​.

• The company reported quarterly net income of $141 million.

• Textron Inc shares had risen by 6.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 29.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 6 "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 Textron Inc is $91.23

This summary was machine generated from LSEG data January 22 at 02:31 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)