What to Expect When United Technologies (UTX) Posts Q3 Earnings - TheStreet

NEW YORK (TheStreet) -- Shares of United Technologies were higher in mid-afternoon trading on Monday ahead of the company's 2016 third quarter results, due out before tomorrow's market open.

Analysts surveyed by FactSet are looking for earnings of $1.66 per share on revenue of $14.29 billion.

During the same quarter a year ago, the Farmington, CT-based company earned $1.61 per share on revenue of $13.79 billion.

The company provides high-technology systems and services to the building and aerospace industries.

Barclays upgraded the U.S. multi-industry space to "positive" from "neutral" today.

"The largest components of the multi-industry space have struggled to capture investor interest all year...notably General Electric (GE), Honeywell (HON), Emerson Electric (EMR), and UTX," the firm wrote in an analyst note.

"Even 3M (MMM) has pulled back substantially and recently fallen out of favor. Danaher (DHR) also until last Thursday's strong earnings report. We see an attractive entry point here that causes us to get more bullish on the group overall," Barclays added.

The firm's investment case is based on its view that the negative earnings revision cycle is nearing an end and there is greater visibility in key end markets, such as non-residential construction and general capital spending.

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, good cash flow from operations, growth in earnings per share and increase in stock price during the past year.

The team believes its strengths outweigh the fact that the company shows low profit margins.

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

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