Shares of Curtiss-Wright (CW) are soaring 5.23% in Thursday's intraday trading session following the release of its impressive first-quarter earnings report. The aerospace and defense company significantly outperformed analyst expectations, demonstrating strong financial performance and continued growth.

Curtiss-Wright reported adjusted earnings per share (EPS) of $2.82 for the quarter ended March 31, substantially surpassing the mean analyst estimate of $2.38. This result also marks a significant improvement from the $1.99 EPS reported in the same quarter last year. The company's revenue climbed 13% to $805.65 million, comfortably exceeding the analyst consensus of $767.74 million. Net income for the quarter stood at a robust $101.34 million.

The strong quarterly performance continues Curtiss-Wright's trend of beating market expectations. The company has consistently outperformed analyst estimates in recent quarters, with beats reported for the past four consecutive quarters. This track record of exceeding expectations has likely contributed to investor confidence, as reflected in the stock's 14.1% rise this quarter prior to today's surge. Despite some analysts revising their earnings estimates downward in the past month, Wall Street maintains a positive outlook on Curtiss-Wright, with the current average analyst rating on the shares being "buy". The median 12-month price target for the stock stands at $402.50, suggesting potential for further upside.