Curtiss-Wright (CW) got here out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.54 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 10%. 1 / 4 in the past, it was anticipated that this engineering agency would publish earnings of $2.24 per share when it truly produced earnings of $2.67, delivering a shock of 19.20%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Curtiss-Wright
The sustainability of the inventory’s instant worth motion primarily based on the recently-released numbers and future earnings expectations will largely depend upon administration’s commentary on the earnings name.
Curtiss-Wright shares have added about 58.9% because the starting of the yr versus the S&P 500’s achieve of twenty-two.3%.
What’s Subsequent for Curtiss-Wright?
Whereas Curtiss-Wright has outperformed the market to date this yr, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified these days.
Empirical analysis reveals a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable observe file of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Curtiss-Wright: favorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #1 (Sturdy Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $3.22 on $793.79 million in revenues for the approaching quarter and $10.58 on $3.05 billion in revenues for the present fiscal yr.
Traders must be conscious of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as nicely. By way of the Zacks Business Rank, Aerospace – Protection Gear is at present within the backside 34% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, TransDigm Group (TDG), is but to report outcomes for the quarter ended September 2024. The outcomes are anticipated to be launched on November 7.
This plane parts maker is predicted to publish quarterly earnings of $9.25 per share in its upcoming report, which represents a year-over-year change of +15.2%. The consensus EPS estimate for the quarter has been revised 1.3% decrease during the last 30 days to the present degree.
TransDigm Group’s revenues are anticipated to be $2.16 billion, up 16.8% from the year-ago quarter.
Ought to You Put money into Curtiss-Wright Company (CW)?
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Zacks Funding Analysis has been dedicated to offering buyers with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean achieve of +24.08% per yr. (These returns cowl a interval from January 1, 1988 by means of Could 6, 2024.)
Curtiss-Wright Corporation (CW) : Free Stock Analysis Report
Transdigm Group Incorporated (TDG) : Free Stock Analysis Report
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