RTX Corporation (RTX)

[dr_praeses]

CHICAGO --(BUSINESS WIRE)--
Zacks.com releases the latest Zacks Industry Rank. Stocks featured in this week's analysis include AK Steel (NYSE: AKS), FLIR Systems (Nasdaq: FLIR), Raytheon (NYSE: RTN), Steel Dynamics (Nasdaq: STLD) and U.S. Steel (NYSE: X). To see the Zacks Industry Rank and the trend in earnings estimates revisions for more than 200 industry groups, visit http://at.zacks.com/?id=3154.

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Raytheon (NYSE: RTN) topped expectations by 19 cents with adjusted profits of 88 cents per share. Net sales rose 9% to $5.4 billion thanks in part to missile systems and missile defense systems. Higher demand for network centric mission solutions, which include sensor and communication systems, also helped to drive revenues higher. Based on the quarterly performance and the trend in bookings, the company raised its full-year guidance. RTN now expects to earn between $3.05 and $3.20 per share versus its previous guidance for profits to total between $2.85 and $3 per share. The majority of the covering brokerage analysts raised their forecasts in response, sending the consensus estimate up 14 cents to $3.21 per share.

Both FLIR Systems and Raytheon are classified in Electronics-Military Systems, one of the best ranked groups.

The interactive Zacks Industry Rank List allows you to see all of the companies, and their Zacks Rank, within more than 200 industries. See the list at http://at.zacks.com/?id=3208.

About Zacks Industry Rank and the Zacks Rank

Zacks Industry Rank is calculated by averaging the Zacks Rank for all covered companies within a given industry. The Zacks Rank is assigned to approximately 4400 stocks and ranges from #1 ("Strong Buy") to #5 ("Strong Sell"). Both the Zacks Industry Rank and the Zacks Rank are quantitative indicators designed to cover periods of 1-3 months.

Since 1988, the Zacks Rank has proven that "Earnings estimate revisions are the most powerful force impacting stock prices." Since inception in 1988, #1 Rank stocks have generated an average annual return of +32.2%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have underperformed the S&P 500 by 129% annually (+5.3% vs. +12.1%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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Source: Zacks.com