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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Woodward (WWD) reported earnings 30 days ago. What's next for the stock?
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Woodward's (WWD) Aerospace segment benefits from higher commercial OEM and aftermarket sales.
Woodward, Inc. WWD has entered into a five-year Maintenance, Repair and Overhaul (MRO) Services agreement with Lufthansa Technik.
Woodward's (WWD) fiscal third-quarter revenues are driven by strong Aerospace aftermarket activity & rising global power demand.
Woodward topped earnings expectations for the quarter, but the company faces headwinds from China and in some areas of its aviation business. Given the uncertainty, investors are understandably shying away from the stock today.
Woodward, Inc. (NASDAQ:WWD ) Q3 2024 Earnings Conference Call July 29, 2024 4:30 PM ET Company Participants Dan Provaznik - Director, Investor Relations Chip Blankenship - Chairman of the Board and Chief Executive Officer Bill Lacey - Executive Vice President and Chief Financial Officer Conference Call Participants Scott Mikus - Melius Research Scott Deuschle - Deutsche Bank Pete Skibitski - Alembic Global David Strauss - Barclays Gavin Parsons - UBS Sheila Kahyaoglu - Jefferies Louis Raffetto - Wolfe Research Michael Ciarmoli - Truist Securities Gautam Khanna - TD Cowen Noah Poponak - Goldman Sachs Operator Thank you for standing by. Welcome to the Woodward Inc. Third Quarter Fiscal Year 2024 Earnings Call.