{"id":7258,"date":"2023-05-11T09:55:05","date_gmt":"2023-05-11T13:55:05","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/whats-next-for-johnson-controls-stock-after-an-upbeat-q2\/"},"modified":"2023-05-11T09:55:05","modified_gmt":"2023-05-11T13:55:05","slug":"whats-next-for-johnson-controls-stock-after-an-upbeat-q2","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=7258","title":{"rendered":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2?"},"content":{"rendered":"
\n

Johnson Controls stock<\/strong> (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2 results last week, and despite its recent rise, we think it has more room for growth, as discussed below.<\/p>\n

Johnson Controls\u2019 revenues<\/strong> were up 10% to $6.7 billion in fiscal Q2\u201923 (fiscal ends in September), compared to our forecast of $6.6 billion. This growth was driven by a 13% rise in North America sales and an 8% rise in Global Products segment sales. This can be attributed to better price realization and strong demand trends for its commercial HVAC and fire and safety products.<\/p>\n

The company\u2019s adjusted EBIT margins improved by 70 bps to 10.7%. Its GAAP operating margin rose 160 bps to 9.9% in Q2\u201923. The earnings of $0.75 on a per share and adjusted basis were up 19% from $0.63 in the prior-year quarter, and this compares with our estimate of $0.74. The rise in earnings can be attributed to higher sales and improved operating margins.<\/p>\n

Not only did JCI post upbeat Q2 results, but it also slightly raised its full-year outlook. It now expects its organic sales to rise 10% for the full-fiscal 2023, compared to its prior guidance of high single-digit to low double digits growth. It also narrowed its earnings outlook to be between $3.50 and $3.60 on a per-share and adjusted basis, vs. its prior view of $3.30 to $3.60. This can be attributed to a robust demand environment for HVAC products and a healthy margin expansion seen in recent quarters. This boded well with investors, as evident from the stock price appreciation.<\/p>\n

<\/fbs-ad><\/p>\n

Looking at the stock price, we estimate Johnson Controls Valuation<\/strong> to be $71 per share, about 13% above the current market price of $63. At its current levels, JCI stock is trading at a little under 18x its expected forward earnings of $3.57 on a per share and adjusted basis for full-fiscal 2023, compared to the last five-year average of 20x, implying that it has some room for growth.<\/p>\n

While JCI stock looks like it can see higher levels, it is helpful to see how Johnson Controls\u2019 Peers<\/strong> fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons<\/strong>.<\/strong><\/p>\n

Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you\u2019ll be surprised at how counter-intuitive the stock valuation is for Vicor vs. ACM Research<\/strong>.<\/p>\n

What if you\u2019re looking for a more balanced portfolio instead? Our high-quality portfolio<\/strong> and multi-strategy portfolio<\/strong> have beaten the market consistently since the end of 2016.<\/p>\n

Invest with Trefis <\/strong>Market Beating Portfolios<\/strong><\/p>\n

See all Trefis <\/strong>Price Estimates<\/strong><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2 results last week, and despite its recent rise, we think it has more room for growth, as discussed below. Johnson Controls\u2019 revenues were up 10% to $6.7 billion in […]<\/p>\n","protected":false},"author":1,"featured_media":3172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-7258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhat\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=7258\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=7258\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-11T13:55:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683031349_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=7258#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=7258\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2?\",\"datePublished\":\"2023-05-11T13:55:05+00:00\",\"dateModified\":\"2023-05-11T13:55:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=7258\"},\"wordCount\":444,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=7258#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=7258\",\"url\":\"https:\/\/ifintechworld.com\/?p=7258\",\"name\":\"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-11T13:55:05+00:00\",\"dateModified\":\"2023-05-11T13:55:05+00:00\",\"description\":\"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=7258#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=7258\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=7258#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld","description":"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=7258","og_locale":"en_US","og_type":"article","og_title":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld","og_description":"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2","og_url":"https:\/\/ifintechworld.com\/?p=7258","og_site_name":"iFintechWorld","article_published_time":"2023-05-11T13:55:05+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1683031349_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=7258#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=7258"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2?","datePublished":"2023-05-11T13:55:05+00:00","dateModified":"2023-05-11T13:55:05+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=7258"},"wordCount":444,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=7258#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=7258","url":"https:\/\/ifintechworld.com\/?p=7258","name":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2? | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-11T13:55:05+00:00","dateModified":"2023-05-11T13:55:05+00:00","description":"Johnson Controls stock (NYSE: JCI) is up 12% in a month, outperforming the broader markets, with the S&P500 up just 0.2%. The company posted upbeat Q2","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=7258#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=7258"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=7258#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"What\u2019s Next For Johnson Controls Stock After An Upbeat Q2?"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/7258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7258"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/7258\/revisions"}],"predecessor-version":[{"id":7259,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/7258\/revisions\/7259"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/3172"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}