What To Expect From Curtiss-Wright’s (CW) Q4 Earnings

StockStory
11 Feb
What To Expect From Curtiss-Wright’s (CW) Q4 Earnings

Aerospace and defense company Curtiss-Wright (NYSE:CW) will be reporting results tomorrow after market hours. Here’s what you need to know.

Curtiss-Wright beat analysts’ revenue expectations by 5.2% last quarter, reporting revenues of $798.9 million, up 10.3% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ adjusted operating income estimates.

Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Curtiss-Wright’s revenue to be flat year on year at $778.2 million, slowing from the 3.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.09 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Curtiss-Wright has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.2% on average.

Looking at Curtiss-Wright’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 25.8%, beating analysts’ expectations by 4.8%, and Woodward reported a revenue decline of 1.8%, in line with consensus estimates. AAR traded up 8.6% following the results while Woodward was down 1.8%.

Read our full analysis of AAR’s results here and Woodward’s results here.

There has been positive sentiment among investors in the aerospace segment, with share prices up 2.3% on average over the last month. Curtiss-Wright’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $400.07 (compared to the current share price of $352.11).

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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