We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Ahead of Curtiss-Wright (CW) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Curtiss-Wright (CW - Free Report) will announce quarterly earnings of $3.32 per share in its forthcoming report, representing an increase of 17.7% year over year. Revenues are projected to reach $867.16 million, increasing 7.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Curtiss-Wright metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Adjusted Sales- Aerospace & Industrial' will reach $244.23 million. The estimate indicates a year-over-year change of +7.5%.
Analysts expect 'Adjusted Sales- Naval & Power' to come in at $371.56 million. The estimate points to a change of +11.5% from the year-ago quarter.
Based on the collective assessment of analysts, 'Adjusted Sales- Defense Electronics' should arrive at $254.04 million. The estimate suggests a change of +3.6% year over year.
Analysts predict that the 'Adjusted Operating income (expense)- Aerospace & Industrial' will reach $36.11 million. The estimate is in contrast to the year-ago figure of $31.69 million.
The combined assessment of analysts suggests that 'Adjusted Operating income (expense)- Naval & Power' will likely reach $55.24 million. The estimate compares to the year-ago value of $44.93 million.
The consensus estimate for 'Adjusted Operating income (expense)- Defense Electronics' stands at $71.89 million. Compared to the present estimate, the company reported $67.45 million in the same quarter last year.
Over the past month, Curtiss-Wright shares have recorded returns of +2.8% versus the Zacks S&P 500 composite's +9.5% change. Based on its Zacks Rank #2 (Buy), CW will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Ahead of Curtiss-Wright (CW) Q1 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Curtiss-Wright (CW - Free Report) will announce quarterly earnings of $3.32 per share in its forthcoming report, representing an increase of 17.7% year over year. Revenues are projected to reach $867.16 million, increasing 7.6% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Curtiss-Wright metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Adjusted Sales- Aerospace & Industrial' will reach $244.23 million. The estimate indicates a year-over-year change of +7.5%.
Analysts expect 'Adjusted Sales- Naval & Power' to come in at $371.56 million. The estimate points to a change of +11.5% from the year-ago quarter.
Based on the collective assessment of analysts, 'Adjusted Sales- Defense Electronics' should arrive at $254.04 million. The estimate suggests a change of +3.6% year over year.
Analysts predict that the 'Adjusted Operating income (expense)- Aerospace & Industrial' will reach $36.11 million. The estimate is in contrast to the year-ago figure of $31.69 million.
The combined assessment of analysts suggests that 'Adjusted Operating income (expense)- Naval & Power' will likely reach $55.24 million. The estimate compares to the year-ago value of $44.93 million.
The consensus estimate for 'Adjusted Operating income (expense)- Defense Electronics' stands at $71.89 million. Compared to the present estimate, the company reported $67.45 million in the same quarter last year.
View all Key Company Metrics for Curtiss-Wright here>>>Over the past month, Curtiss-Wright shares have recorded returns of +2.8% versus the Zacks S&P 500 composite's +9.5% change. Based on its Zacks Rank #2 (Buy), CW will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .