For the quarter ended March 2024, Woodward (WWD) reported income of $835.34 million, up 16.3% over the identical interval final yr. EPS got here in at $1.62, in comparison with $1.01 within the year-ago quarter.
The reported income compares to the Zacks Consensus Estimate of $802.43 million, representing a shock of +4.10%. The corporate delivered an EPS shock of +26.56%, with the consensus EPS estimate being $1.28.
Whereas traders carefully watch year-over-year modifications in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps traders undertaking a inventory’s value efficiency extra precisely.
Right here is how Woodward carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Section exterior internet sales- Industrial: $337.83 million versus the four-analyst common estimate of $310.50 million.
- Section exterior internet sales- Aerospace: $497.51 million versus the four-analyst common estimate of $485.81 million. The reported quantity represents a year-over-year change of +13.8%.
- Section earnings- Aerospace: $98.45 million versus the four-analyst common estimate of $86.83 million.
- Section earnings (loss)- Industrial: $65.24 million in comparison with the $46.52 million common estimate primarily based on 4 analysts.
View all Key Company Metrics for Woodward here>>>
Shares of Woodward have returned -2.3% over the previous month versus the Zacks S&P 500 composite’s -2% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it might carry out consistent with the broader market within the close to time period.
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Woodward, Inc. (WWD) : Free Stock Analysis Report
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