Curtiss-Wright Corp. (NYSE:CW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Curtiss-Wright Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 45.83% to $0.70 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 17.35% to $617.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Curtiss-Wright Corp. reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $602.61 million.
Quoting Management: “We are pleased with our solid second quarter performance, generating diluted earnings per share of $0.70, which once again was led by operating income growth in our organic businesses as well as our recent acquisitions,” said Martin R. Benante, Chairman and CEO of Curtiss-Wright Corporation.
Key Stats (on next page)…
EPS increased 40% from $0.50 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.76 to a profit $0.75. For the current year, the average estimate is a profit of $2.77, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)