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Benzinga
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Johnson Controls Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. JCI's Q4 earnings expected at $1.20 per share, down from $1.28. 2. Quarterly revenue estimate at $6.33 billion, lower than $7.39 billion last year. 3. JCI shares fell 1.9% to close at $111.04 prior to earnings announcement. 4. Analysts have mixed ratings; optimists raised price targets significantly. 5. New leadership announced with Todd Grabowski as vice president for Americas.

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FAQ

Why Bearish?

The anticipated decline in earnings and revenue indicates weakening performance, historically leading to stock value declines. A similar situation occurred in Q1 2022 when JCI reported lower earnings, resulting in a drop in share price.

How important is it?

The upcoming earnings report and analyst ratings are critical in shaping investor sentiment and future price movements, especially given the current decline in expected earnings.

Why Short Term?

Earnings announcements typically influence immediate stock prices; thus, market reaction is expected shortly after. The substantial deviation from expectations can prompt quick selling pressure.

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