What to Expect When Johnson Controls (JCI) Reports Q3 Results
NEW YORK (TheStreet) -- Shares of Johnson Controls (JCI) - Get Report are down 0.20% to $44.10 on Wednesday afternoon, ahead of the company's fiscal 2016 third quarter results due out before Thursday's market open.
Analysts surveyed by Thomson Reuters are looking for earnings of $1.03 per share on $9.615 billion in revenues. Last year, the company reported earnings of 91 cents per share on $9.6 billion in revenues for the same quarter.
Johnson Controls is in good shape to beat estimates as analysts have recently been adjusting their estimates higher based on the most up-to-date information on the company, Zacks.com reports.
Johnson Controls is a Milwaukee, WI-based technology and industrial company.
Separately, 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. TheStreet Ratings has this to say about the recommendation:
We rate JOHNSON CONTROLS INC as a Hold with a ratings score of C+. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
You can view the full analysis from the report here: JCI
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