Benzinga | Jan 27, 2022 07:10AM EST

Recap: Textron Q4 Earnings



Textron (NYSE:TXT) reported its Q4 earnings results on Thursday, January 27, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

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Earnings

Textron beat estimated earnings by 6.82%, reporting an EPS of $0.94 versus an estimate of $0.88, which did not surprise analysts.

Revenue was up $345.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.19, which was followed by a 1.48% increase in the share price the next day.

Here's a look at Textron's past performance:



Quarter Q3 2021 Q2 2021 Q1 2021 Q4 2020EPS Estimate 0.66 0.65 0.47 0.91EPS Actual 0.85 0.81 0.70 1.06Revenue Estimate 2.68B 2.92B 2.73B 3.46BRevenue Actual 2.99B 3.19B 2.88B 3.67B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Textron management provided guidance for their next quarter, expecting earnings between $3.8 and $4.0 per share for the next quarter.

This represents a 314.89% in quarter-over-quarter growth for Textron, a bullish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.