Textron Inc. [TXT] Stock Forecast

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Textron's most speculative value comes from the V-280 valor program, which could be worth trillions of dollars over the course of the contract (50 to 70 years). Aside from the upside tied to new weapon contracts, the existing business performed extremely well delivering above expectations on revenue/earnings and outlook beating analyst expectations.

Textron Inc. (NYSE:TXT ) Q4 2022 Earnings Conference Call January 25, 2023 8:00 AM ET Corporate Participants Eric Salander - Vice President, Investor Relations Scott Donnelly - Chairman and Chief Executive Officer Frank Connor - Chief Financial Officer Conference Call Participants Sheila Kahyaoglu - Jefferies David Strauss - Barclays Robert Stallard - Vertical Research Peter Arment - Baird Pete Skibitski - Alembic Global George Shapiro - Shapiro Research Noah Poponak - Goldman Sachs Ron Epstein - Bank of America Cai von Rumohr - Cowen Kristine Liwag - Morgan Stanley Seth Seifman - JPMorgan Doug Harned - Bernstein Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fourth Quarter 2022 Textron Earnings Release Conference Call.

Textron's (TXT) total Q4 revenues of $3,636 million miss the Zacks Consensus Estimate by 0.9%. However, the reported figure increases 9.5% year over year.

Textron (TXT) delivered earnings and revenue surprises of 7% and 0.93%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

We expect TXT stock to trade sideways post-Q4, with its revenue expected to be in line and earnings above the street estimates.

Looking at stock returns, Heico, with a 9% rise in the last twelve months, has outperformed Textron, down 10%, and the broader S&P500 index, down 13%.

Textron (TXT) announces achieving a milestone in the Cessna Caravan family turboprop by delivering its 3000th aircraft to Azul Conecta.

Bell-Boeing, a joint venture (JV) between Boeing (BA) and Bell Helicopter - a unit of Textron (TXT) - offers continued flight test support for the V-22 aircraft.

The best defense stocks have long-term programs as well as footholds in key emerging priorities for the Pentagon. The post The Best Defense Stocks For Today — And The Future appeared first on Investor's Business Daily.

Textron Inc. is a US stock , located in Providence of Ri and trading under the symbol TXT

4 stock analysts have 4 predictions with a medium analyst target price of $82.5. The lowest prediction is $68 and the highest is $93

With a median analyst target price of $93, 1 stock analysts have made 1 forecasts in last 90 days. $93 is the lowest and $93 is the greatest projection.

Textron Inc. stock price is $74.44 today.

Yes, Textron Inc. is a publicly traded company.