Woodward (WWD) got here out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.14 per share. This compares to earnings of $1.45 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 18.42%. 1 / 4 in the past, it was anticipated that this maker of cockpit controls and different gear for the protection and aerospace markets would publish earnings of $1.22 per share when it really produced earnings of $1.41, delivering a shock of 15.57%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Woodward
The sustainability of the inventory’s quick worth motion primarily based on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Woodward shares have added about 11.3% for the reason that starting of the 12 months versus the S&P 500’s acquire of two.7%.
What’s Subsequent for Woodward?
Whereas Woodward has outperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders 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 exhibits a powerful correlation between near-term inventory actions and developments in earnings estimate revisions. Traders can observe such revisions by themselves or depend on a tried-and-tested score software 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 Woodward: blended. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $1.45 on $836.16 million in revenues for the approaching quarter and $6 on $3.39 billion in revenues for the present fiscal 12 months.
Traders ought to be aware of the truth that the outlook for the business can have a fabric impression on the efficiency of the inventory as effectively. When it comes to the Zacks Business Rank, Aerospace – Protection Tools is presently within the backside 40% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Spirit Aerosystems (SPR), one other inventory in the identical business, has but to report outcomes for the quarter ended December 2024.
This plane components maker is predicted to publish quarterly lack of $1.86 per share in its upcoming report, which represents a year-over-year change of -487.5%. The consensus EPS estimate for the quarter has been revised 21% decrease over the past 30 days to the present stage.
Spirit Aerosystems’ revenues are anticipated to be $1.48 billion, down 18.4% from the year-ago quarter.
Ought to You Spend money on Woodward, Inc. (WWD)?
Earlier than you put money into Woodward, Inc. (WWD), wish to know the perfect shares to purchase for the following 30 days? Try Zacks Funding Analysis for our free report on the 7 best stocks to purchase.
Zacks Funding Analysis has been dedicated to offering traders 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 acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 by way of Might 6, 2024.)
Woodward, Inc. (WWD) : Free Stock Analysis Report
Spirit Aerosystems Holdings, Inc. (SPR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
