Johnson Controls (NYSE: JCI) will report its Q4 fiscal 2023 (fiscal year ends in September) results on Tuesday, October 24. We expect the company’s revenues to come in at $7.1 billion, aligning with the consensus estimate. This would mark year-over-year growth of about 6%. Earnings will likely come in at about $1.10 on a per-share and adjusted basis, also falling in line with the consensus estimate. See our interactive dashboard analysis on Johnson Controls Earnings Preview for more details on how the company’s revenues and earnings will likely trend for the quarter.
JCI stock has witnessed gains of 10% from levels of $45 in early January 2021 to around $50 now, vs. an increase of about 15% for the S&P 500 over this roughly 3-year period. However, the increase in JCI stock has been far from consistent. Returns for the stock were 75% in 2021, -21% in 2022, and -21% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 13% in 2023 – indicating that JCI underperformed the S&P in 2022 and 2023.
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