Analysts on Wall Street project that Curtiss-Wright (CW) will announce quarterly earnings of $3.13 per share in its forthcoming report, representing an increase of 17.2% year over year. Revenues are projected to reach $850.49 million, increasing 8.4% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.5% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Curtiss-Wright metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Adjusted Sales- Aerospace & Industrial' should arrive at $242.08 million. The estimate indicates a change of +3.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Adjusted Sales- Naval & Power' will likely reach $355.61 million. The estimate suggests a change of +10.1% year over year.
The collective assessment of analysts points to an estimated 'Adjusted Sales- Defense Electronics' of $248.33 million. The estimate suggests a change of +8.7% year over year.
Analysts forecast 'Reported Operating income (expense)- Naval & Power' to reach $56.43 million. Compared to the current estimate, the company reported $46.28 million in the same quarter of the previous year.
The consensus estimate for 'Reported Operating income (expense)- Defense Electronics' stands at $66.62 million. Compared to the current estimate, the company reported $58.24 million in the same quarter of the previous year.
The average prediction of analysts places 'Reported Operating income (expense)- Aerospace & Industrial' at $40.36 million. Compared to the current estimate, the company reported $35.25 million in the same quarter of the previous year.
View all Key Company Metrics for Curtiss-Wright here>>>
Over the past month, Curtiss-Wright shares have recorded returns of +1% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #2 (Buy), CW will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Curtiss-Wright Corporation (CW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
