Woodward (WWD) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.22 per share. This compares to earnings of $1.33 per share a year ago.
WWD's fourth-quarter earnings are expected to have gained from steady momentum in Aerospace amid weakness in China's on-highway natural gas truck market business.
Get a deeper insight into the potential performance of Woodward (WWD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
To focus on its core products and maximize value creation, WWD inks a deal to sell its heavy-duty gas turbines combustion parts business to GE Vernova.
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Woodward (WWD) 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.
CNBC's Deirdre Bosa and Kelly Evans discuss updates to Google's viral NotebookLM software with Google Labs Vice President Josh Woodward.
WWD's Aerospace segment benefits from higher commercial OEM and aftermarket sales. However, the volatile China on-highway natural gas truck market is concerning.
Woodward's Q3 earnings showed a 21% growth in net earnings and doubled free cash flow, despite a 7% stock price decline. Supply chain issues and fluctuating Chinese LNG truck demand led to revised guidance, impacting stock prices and FY2024 outlook. Despite short-term challenges, Woodward's long-term prospects remain strong with a $185.79 price target and a 13% upside.
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