Woodward Inc. Third Quarter Earnings Preview

Woodward Inc. (NASDAQ:WWD) will unveil its latest earnings on Monday, July 25, 2011. Woodward Inc.designs, manufactures, and services energy control systems and components for aircraft and industrial engines and turbines.

Woodward Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 50 cents per share, a rise of 38.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 48 cents. For the year, analysts are projecting profit of $1.83 per share, a rise of 22% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported net income of 46 cents per share against a mean estimate of profit of 43 cents per share. In the first quarter, it missed forecasts by 7 cents.

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Wall St. Revenue Expectations: On average, analysts predict $420.9 million in revenue this quarter, a rise of 18.1% from the year ago quarter. Analysts are forecasting total revenue of $1.65 billion for the year, a rise of 13% from last year’s revenue of $1.46 billion.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and two rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 33.3% while it rose 0.2% in the first quarter and 37.2% in the fourth quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In second quarter, revenue rose 19.9% to $418.9 million while the figure rose 7.6% in the first quarter from the year earlier and 13% in the fourth quarter of the last fiscal year.

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).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $3.55 (11%) from $32.19 to $35.74. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 1, 2011 when shares rose for six-straight days, rising 10.4% (+$3.35) over that span. It saw one of its worst periods between October 25, 2010 and November 1, 2010 when shares fell for six-straight days, falling 3.6% (-$1.15) over that span. Shares are down $1.67 (-4.5%) year to date.

(Source: Xignite Financials)

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