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.
Woodward earnings soared with 16% sales growth, 63% net earnings growth, and improved free cash flow, driven by aerospace and industrial segment performance. Strong quarterly results led to an upward revision of financial guidance, with increased revenue and free cash flow estimates for the full year. Based on improved fundamentals and projected growth, Woodward stock is now upgraded to a buy rating, with potential upside in the coming years.
Woodward's (WWD) Aerospace segment benefits from higher commercial OEM and commercial aftermarket sales, while the Industrial business gains from solid demand for power generation, especially in Asia.
Woodward (WWD) reported earnings 30 days ago. What's next for the stock?
Woodward's (WWD) performance gains from continued momentum in the Aerospace and Industrial segments.
Focus on higher energy efficiency, the rising adoption of industrial automation and optimum resource utilization should drive the Zacks Instruments - Control industry. Woodward (WWD), Badger Meter (BMI) and Thermon (THR) are well-positioned to gain from the evolving market dynamics.