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Rockwell Collins Inc. (COL) Earnings Miss Q1 Estimates - Tale of the Tape

Zacks Equity Research
Updated

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, the company is subject to high risks from budget cuts. As a result, the company is cautious and is proactively involved in lowering costs to fuel bottom line growth.

 

Earnings Estimate: Investors should also note the recent earnings estimate revisions for Rockwell Collins, as the consensus estimate has been moving slightly higher. The Zacks Consensus estimate has been moving slightly upward. Moreover, it does have an impressive history in earnings season. The company has reported positive earnings surprises in the last four quarters with an average beat of 1.50%.

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Zacks Rank: Currently, Rockwell Collins has a Zacks Rank #2 (Buy), but that could definitely change following Rockwell Collins’ earnings report which was just released. We have mentioned below some of the vital information from this just-revealed announcement:

 

Earnings: Rockwell Collins miss on earnings. Our consensus called for EPS of 1.12, and the company reported EPS of $1.10 (these figures take out stock option expenses).

 

Revenue: The company beat on revenues. Rockwell Collins posted revenues of $1,226 million, compared to our consensus estimate of $1,217 million.

 

Key Stats to Note: Rockwell Collins’ total research and development (R&D) investment was $231 million, up 5.5% year over year. It represented 18.8% of the quarterly sales.

 

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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Zacks Investment Research