Woodward (WWD) Reports Earnings Tomorrow: What To Expect

Aerospace and defense company Woodward (NASDAQ:WWD) will be reporting results this Monday after market hours. Here’s what to look for.

Woodward beat analysts’ revenue expectations by 5.7% last quarter, reporting revenues of $883.6 million, up 5.8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EBITDA estimates.

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

This quarter, analysts are expecting Woodward’s revenue to grow 4.4% year on year to $885.2 million, slowing from the 5.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.64 per share.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 10 analysts). Woodward has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Woodward’s peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 8.6%, and Textron reported revenues up 5.4%, topping estimates by 2.4%. AAR traded up 13.4% following the results while Textron was down 8.9%.

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

There has been positive sentiment among investors in the aerospace segment, with share prices up 6.7% on average over the last month. Woodward is up 5.3% during the same time and is heading into earnings with an average analyst price target of $266.31 (compared to the current share price of $259).

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