What To Expect From Curtiss-Wright’s (CW) Q4 Earnings

Aerospace and defense company Curtiss-Wright (NYSE:CW) will be reporting earnings this Wednesday after the bell. Here’s what to look for.

Curtiss-Wright missed analysts’ revenue expectations by 0.5% last quarter, reporting revenues of $869.2 million, up 8.8% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates but a slight miss of analysts’ revenue estimates.

Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Curtiss-Wright’s revenue to grow 8% year on year to $890.4 million, improving from the 4.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.69 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Curtiss-Wright has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 4.7% on average.

Looking at Curtiss-Wright’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Boeing delivered year-on-year revenue growth of 57.1%, beating analysts’ expectations by 6.9%, and Woodward reported revenues up 29%, topping estimates by 11.9%. Boeing traded down 2.8% following the results while Woodward was up 13.4%.

Read our full analysis of Boeing’s results here and Woodward’s results here.

There has been positive sentiment among investors in the aerospace segment, with share prices up 8.2% on average over the last month. Curtiss-Wright is up 6.8% during the same time and is heading into earnings with an average analyst price target of $638.14 (compared to the current share price of $668.07).

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