Textron Q2 results may be weak, says Jefferies Jefferies says it is cautious heading into Textron's Q2 results as it thinks deliveries may be weak at Cessna. The firm's Q2 earnings estimate of 43c is below the consensus of 48c. The firm believes the results may present a buying opportunity as it does not see risk to its full year estimates. Jefferies keeps a Buy rating on Textron with a $46 price target.
Textron sees FY15 EPS $2.30-$2.50, consensus $2.56 Sees FY15 revenue of approximately $14.4B, consensus $14.73B. The company is estimating cash flow from continuing operations of the manufacturing group before pension contributions will be between $550 and $650 million with planned pension contributions of about $80 million.