Woodward presented mixed results: profit tanked but revenue merely moved

Updated on:
Nov 20th, 2020

Woodward, Inc. ($WWD) released fiscal fourth-quarter earnings of $0.75 per share on Thursday, strongly surpassing the analysts consensus estimate of $0.54 per share. This Q4 report means an earnings surprise of 38.89%. On the contrary, reported sales were $531.3 million, consistent with analysts' estimates.

Compared to the same quarter one year ago, EPS was $1.22, so reported EPS means a drop of -38.52%. The analysts predictions for Woodward for fiscal third-quarter were $0.36, but the company reported $0.48 improving by 33.33%.

On Friday, Credit Suisse Group rated Woodward with bullish. The recommendations issued by financial brokerage firms are not a buy or sell recommendation for small investors, so it is not appropriate to follow them blindly.

Woodward made a 34.7% over the past 30 days, beating the average growth of its competitors. In the same period, Boeing (BA) made a 17.4%, Lockheed Martin (LMT) made a 2.4%, Northrop Grumman (NOC) performed a 0.1% and General Dynamics (GD) marked a 9.8%.

Woodward, Inc. designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. The company operates in two segments, Aerospace and Industrial.. The stock belongs to the Aerospace & Defense industry in the Industrials sector. The company employs 9,023 people worldwide and has its headquarters in Fort Collins, United States. Its corporate website is http://www.woodward.com.

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