Curtiss-Wright (CW) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Curtiss-Wright Corporation's stock has outperformed the market, gaining 80% since November 2023, driven by strong growth in aerospace, defense, and commercial nuclear sectors. Q1 2024 earnings showed a 10% revenue increase, with notable growth in Defense Electronics and Naval & Power segments, despite margin challenges. The company raised its 2024 financial guidance, expecting 7-9% revenue growth and improved margins, driven by higher Defense Electronics and Naval & Power sales.
The second presidency of Donald Trump has brought quite a shake-up to the financial markets. While some industries, like cryptocurrency, have turned unequivocally bullish on account of the President's support, others seem to be stuck in limbo — and defense is one such sector.
Curtiss-Wright (CW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
CW completes the acquisition of Ultra Energy, a designer and producer of reactor protection systems, neutron monitoring systems, and radiation monitoring systems.
Here is how Curtiss-Wright (CW) and L3Harris (LHX) have performed compared to their sector so far this year.
CW is a strong investment pick in the aerospace defense equipment industry, given its growth prospects, low debt and ability to increase shareholder value via regular dividend payments.
CW's third-quarter earnings beat the Zacks Consensus Estimate by 10%. Quarterly sales surpass the consensus estimate by 5.4%.
CW delivered robust earnings, exceeding expectations on both the top and bottom lines. Following this strong performance, management has revised its guidance upward for FY 2024. As anticipated, demand was particularly strong in the Aerospace & Defense segment, with exceptional performance in the Power & Process segment. We are confident that CW, with its strategic partnerships, proven track record, and strong expertise, will be a major player in the nuclear adoption fueled by the AI revolution.
Curtiss-Wright (CW) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
While the top- and bottom-line numbers for Curtiss-Wright (CW) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Curtiss-Wright (CW) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.54 per share a year ago.