Textron Inc
TXT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$45.00 | Bpjz | Yblckffn |
Textron Earnings: Strong Margin Performance Makes Up for Lag in Jet Deliveries
No-moat-rated Textron posted solid fourth-quarter results to close out 2023 as revenue for the quarter was up 7% year over year, although just below consensus expectations. Management announced 2024 full-year revenue guidance of $14.6 billion, which represents an overall 7% increase from 2023 revenue of $13.7 billion. After factoring in fourth-quarter results, our $86 fair value estimate remains unchanged.