United Technologies (UTX) Stock Lower Ahead of Tuesday’s Q2 Results
NEW YORK (TheStreet) -- Shares of United Technologiesundefined are decreasing 0.4% to $104.71 midday Monday ahead of the company's 2016 second quarter results due out before tomorrow's opening bell.
Analysts are modeling that earnings and revenue will decline year-over-year.
Wall Street is expecting the Farmington, CT-based company to report earnings of $1.68 per share on revenue of $14.67 billion.
During the same period last year, United Technologies earned $1.73 per diluted share on revenue of $16.33 billion.
The company provides a range of high-technology products and support services to customers in the aerospace and building sectors.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: UTX