The nuclear engineering specialist published its second-quarter earnings. It showed growth in key fundamentals, and notched a double beat on analyst expectations.
BWX Technologies, Inc. (NYSE:BWXT ) Q2 2024 Earnings Conference Call August 5, 2024 5:00 PM ET Company Participants Chase Jacobson - Vice President of Investor Relations Rex Geveden - President and CEO Robb LeMasters - Senior Vice President and CFO Conference Call Participants Scott Deuschle - Deutsche Bank Rob Labick - CJS Securities Pete Skibitski - Alembic Global Peter Arment - Baird Josh Korn - Barclays Andre Madrid - BTIG Michael Ciarmoli - Truist Securities Ron Epstein - Bank of America Thomas Meric - Janney Montgomery Operator Ladies and gentlemen, welcome to the BWX Technologies Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
BWX Technologies (BWXT) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.65 per share a year ago.
BWX (BWXT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BWX (BWXT) 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.
We believe that Huntington Ingalls Industries stock , a military shipbuilding company, is currently a better pick than its industry peer – BWX Technologies stock (NYSE: BWXT), a supplier of nuclear components and fuel. BWXT stock trades at a higher multiple of 3.4x sales, versus 0.9x revenues for HII.
Investors need to pay close attention to BWX Technologies (BWXT) stock based on the movements in the options market lately.
BWX Technologies, Inc. stock outperformed expectations, gaining 40% due to strength in aerospace, defense, and energy transition sectors. Stock tanked after earnings due to a delay in aircraft carrier procurement, impacting future revenue projections. The company saw revenue growth but EBITDA fell short, with guidance for single-digit revenue growth and improved free cash flow, leading to a Hold rating.
Uranium stocks to watch in the stock market today.