The upcoming report from Curtiss-Wright (CW) is expected to reveal quarterly earnings of $2.39 per share, indicating an increase of 20.1% compared to the year-ago period. Analysts forecast revenues of $767.2 million, representing an increase of 7.6% year over year.
Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Curtiss-Wright metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Adjusted Sales- Aerospace & Industrial' should come in at $223.57 million. The estimate suggests a change of +1.9% year over year.
The consensus among analysts is that 'Adjusted Sales- Naval & Power' will reach $317.28 million. The estimate indicates a year-over-year change of +12.5%.
Analysts expect 'Adjusted Sales- Defense Electronics' to come in at $224.28 million. The estimate indicates a change of +5.9% from the prior-year quarter.
The average prediction of analysts places 'Reported Operating income (expense)- Naval & Power' at $42.67 million. The estimate compares to the year-ago value of $35.19 million.
It is projected by analysts that the 'Reported Operating income (expense)- Defense Electronics' will reach $50.43 million. The estimate compares to the year-ago value of $48.08 million.
The combined assessment of analysts suggests that 'Reported Operating income (expense)- Aerospace & Industrial' will likely reach $28.86 million. Compared to the current estimate, the company reported $27.47 million in the same quarter of the previous year.
View all Key Company Metrics for Curtiss-Wright here>>>
Shares of Curtiss-Wright have demonstrated returns of +26.3% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), CW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Curtiss-Wright Corporation (CW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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