Johnson Controls International plc (NYSE: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%.
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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