Aerospace and defense company Curtiss-Wright (NYSE: CW) will be reporting results this Wednesday after the bell. Here’s what investors should know.
Curtiss-Wright beat analysts’ revenue expectations last quarter, reporting revenues of $913.7 million, up 13.4% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.
Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Curtiss-Wright’s revenue to grow 5.9% year on year, slowing from the 11.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Curtiss-Wright rarely misses Wall Street’s revenue estimates.
Looking at Curtiss-Wright’s peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 26.1%, beating analysts’ expectations by 3.9%, and Hexcel reported revenues up 8%, in line with consensus estimates. AAR traded down 9.8% following the results while Hexcel was also down 2.6%.
Read our full analysis of AAR’s results here and Hexcel’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the aerospace stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2% on average over the last month. Curtiss-Wright is down 5.6% during the same time and is heading into earnings with an average analyst price target of $822.17 (compared to the current share price of $748.03).
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