Rockwell Collins Inc. COL is the foremost global supplier of communications and avionics equipment for both commercial and military customers. It follows a strategic acquisition program. Apart from its acquisition-driven growth strategy, Rockwell Collins remains focused to expand its product and service offering through continuous investments in research and development activities.
However, dependence on international sales, a highly competitive market and high exposure to fixed-price contracts raise concerns.
Estimate Trend & Surprise History
Rockwell Collins’ current quarter estimate remained constant over last 7 days and presently the consensus estimate stands at $1.29.
Talking about the earnings surprise, COL came out with positive earnings surprise in three of the last four earnings reports marking an average positive surprise of 5.72%. The company currently has a Zacks Rank #2 (Buy).
Going further things could definitely change given the company’s recently released earnings results. Going below we have mentioned some of the vital information from this just-revealed announcement:
Earnings Beat: Rockwell Collins reported second-quarter fiscal 2016 adjusted earnings of $1.30 per share, beating the Zacks Consensus Estimate of $1.29 per share.
Revenue Miss: The company failed to beat the revenue expectations. Rockwell Collins posted revenues of $1,311 million for the second quarter, compared to our consensus estimate of $1,317 million.
Key Stats to Note: The company reaffirmed its fiscal 2016 earnings to in the range of $5.45–$5.65 per share on revenues of $5.3 billion−$5.4 billion.
Check back later for our full write up on this Rockwell Collins earnings report later!
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ROCKWELL COLLIN (COL): Free Stock Analysis Report
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