Woodward Inc. Earnings Cheat Sheet: Positive Earnings Streak

Woodward Inc. (NASDAQ:WWD) reported net income above Wall Street’s expectations for the fourth quarter. Woodward designs, manufactures, and services energy control systems and components for aircraft and industrial engines and turbines.

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Woodward Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for the industrial electrical equipment company rose to $41.7 million (60 cents per share) vs. $32.7 million (47 cents per share) in the same quarter a year earlier. This marks a rise of 27.6% from the year earlier quarter.

Revenue: Rose 18.8% to $489.3 million from the year earlier quarter.

Actual vs. Wall St. Expectations: WWD beat the mean analyst estimate of 55 cents per share. It beat the average revenue estimate of $465.6 million.

Quoting Management: “Woodward concluded fiscal 2011 with record sales and earnings for the quarter and the year,” said Thomas A. Gendron, Chairman and Chief Executive Officer. “We delivered on important organic growth strategies and laid the groundwork for broad expansion in our energy control solutions for future years with our platform wins, system development and market positioning.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 13.6% and in the second quarter, the figure rose 33.3%.

Revenue has risen the past four quarters. Revenue increased 23% to $438.5 million in the third quarter. The figure rose 19.9% in the second quarter from the year earlier and climbed 7.6% in the first quarter from the year-ago quarter.

The company has now topped analyst estimates for the last three quarters. It beat the mark by one cent in the third quarter and by 3 cents in the second quarter.

Looking Forward: The average estimate for the first quarter of the next fiscal year is steady at 47 cents a share. For the fiscal year, the average estimate has moved up from $1.84 a share to $1.85 over the last ninety days.

Competitors to Watch: Parker-Hannifin Corp. (NYSE:PH), General Electric Company (NYSE:GE), United Technologies Corp. (NYSE:UTX), Honeywell Intl. Inc. (NYSE:HON), Broadwind Energy Inc. (NASDAQ:BWEN), Ocean Power Tech., Inc. (NASDAQ:OPTT), Capstone Turbine Corp. (NASDAQ:CPST), Goodrich Corporation (NYSE:GR), Generac Holdings Inc. (NYSE:GNRC), and Hydrogen Engine Center, Inc. (HYEG).

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)