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Johnson Controls (JCI) Q1 Earnings Beat Estimate, Up Y/Y

Zacks Equity Research
Updated

Johnson Controls International plc JCI, a diversified technology and multi-industrial leader, delivered adjusted earnings per share of 54 cents in the first quarter of fiscal 2018, beating the Zacks Consensus Estimate of 51 cents. Earnings per share rose 2% year over year from 53 cents recorded in the first quarter of fiscal 2017.

Revenues

During the quarter, Johnson Controls reported revenues of $7.44 billion, higher than the Zacks Consensus Estimate of $7.19 billion. Revenues were up 5% year over year.

Estimate Trend & Surprise History

Johnson Controls has beaten the Zacks Consensus Estimate in one of the trailing 4 quarters and recorded in-line results in the other three occasions, with an average beat of 0.5%.

Johnson Controls International PLC Price and EPS Surprise

Johnson Controls International PLC Price and EPS Surprise | Johnson Controls International PLC Quote

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Key Stats/Developments to Note

Johnson Controls reaffirms guidance for fiscal 2018. Fiscal 2018 adjusted EPS is projected to be in the range of $2.75 to $2.85.

Zacks Rank

Currently, Johnson Controls has a Zacks Rank #4 (Sell), but that could change following its earnings report which has just released.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Check back later for our full write up on Johnson Controls’ earnings report!

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Johnson Controls International PLC (JCI) : Free Stock Analysis Report
 
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Zacks Investment Research