On August 5, Johnson Controls rose 4.58% in regular trading, trading at $153.17/share with turnover of $186 million, extending the strong momentum following its fiscal Q3 earnings release on July 29.
The rally is driven by a significant Q3 earnings beat and upwardly revised full-year guidance. Johnson Controls posted adjusted EPS of $1.42, well above the consensus estimate of $1.30, while revenue came in at $6.61 billion versus the $6.46 billion expected. The company simultaneously raised its fiscal 2026 full-year adjusted EPS guidance to $5.05, notably above the market estimate of $4.90. Data center demand drove total-company order growth of 27% year-over-year, with record backlog reaching $21 billion, up 32% organically. RBC Capital Markets highlighted the quality of earnings as impressive, noting +45% incrementals, and raised its price target to $161 from $154. Multiple analysts have since adjusted targets upward, with the consensus mean price target now at $162.83 and an average overweight rating.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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