Raytheon Company Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter

Raytheon Company RTN announces its next round of earnings this Thursday, July 28, 2011. Get the latest predictions in Benzinga's essential guide to the company's second quarter earnings report.

Earnings and Revenue:

Analysts are predicting an EPS reading of $1.16 per share and revenues of $6.19 billion. Wall Street will be looking to see how this quarter's numbers compare to the year-ago quarter's positive EPS of $1.27 per share on revenues of $5.97 billion. We'll have to wait for Thursday to see if Raytheon Company reports a decline in EPS and a boost in revenue from the year-ago quarter, as analysts are predicting.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Stock Performance:

At last check, shares of Raytheon Company were trading at $46.74. Shares are up 3.4% year to date. For a full 12 months, the return has risen by 5.1%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Raytheon Company is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how Raytheon Company compares to rivals in the same sector? Here are a few of the company's peers.

• Alliant Techsystems ATK: Hold with a $2.10 recent quarter EPS
• Boeing Company BA: Moderate Buy with a $0.79 recent quarter EPS
• Rockwell Collins COL: Moderate Buy with a $1.01 recent quarter EPS
• FLIR Systems (FLIR): Hold with a $0.35 recent quarter EPS

The electrical-military company's industry has seen price/earnings growth of 1.1% during the current fiscal year.

Finally, a description of the company's main areas of operation: Raytheon provides provides electronics, mission systems integration, and other capabilities to customers in the defense, homeland security and other government markets throughout the world.

Take Action:

There is your peek into Raytheon Company's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.

• To see up-to-date news on Raytheon Company, click here
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• To see other company earnings recaps, click here