Aerospace and defense company Woodward (NASDAQ: WWD) will be reporting earnings this Monday after market hours. Here’s what investors should know.
Woodward beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $915.4 million, up 8% year on year. It was a strong quarter for the company, with a solid beat of analysts’ organic revenue estimates and full-year EPS guidance exceeding analysts’ expectations.
Is Woodward a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Woodward’s revenue to grow 10% year on year to $939.6 million, in line with the 10% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.90 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Woodward has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Woodward’s peers in the aerospace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Howmet delivered year-on-year revenue growth of 13.8%, beating analysts’ expectations by 2.3%, and Rocket Lab reported revenues up 48%, topping estimates by 2.1%. Howmet traded up 1.2% following the results while Rocket Lab was down 1.7%.
Read our full analysis of Howmet’s results here and Rocket Lab’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the aerospace stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.3% on average over the last month. Woodward is down 1.2% during the same time and is heading into earnings with an average analyst price target of $300.63 (compared to the current share price of $262.76).
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