Woodward Earnings: Here’s Why Investors Don’t Like These Results

Woodward Inc (NASDAQ:WWD) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.03%.

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Woodward Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.91% to $0.61 in the quarter versus EPS of $0.55 in the year-earlier quarter.

Revenue: Rose 3.56% to $485.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.61 per share. By that measure, the company beat the mean analyst estimate of $0.6. It missed the average revenue estimate of $502.26 million.

Quoting Management: “Sales this quarter reflect a mixture of strength in commercial aerospace and natural gas, offset by higher than anticipated weakness in wind turbine converter sales,” said Thomas A. Gendron, Chairman and Chief Executive Officer. “Volatile energy policies coupled with global economic softness resulted in first half sales challenges.”

Key Stats (on next page)…

Revenue increased 18.9% from $408.34 million in the previous quarter. EPS increased 56.41% from $0.39 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.56 to a profit $0.59. For the current year, the average estimate has moved up from a profit of $2.25 to a profit of $2.28 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)