Financial News

Curtiss-Wright (CW) Reports Q2: Everything You Need To Know Ahead Of Earnings

CW Cover Image

Aerospace and defense company Curtiss-Wright (NYSE: CW) will be announcing earnings results this Wednesday afternoon. Here’s what investors should know.

Curtiss-Wright beat analysts’ revenue expectations by 5% last quarter, reporting revenues of $805.6 million, up 13% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Curtiss-Wright’s revenue to grow 8.4% year on year to $851 million, slowing from the 11.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.13 per share.

Curtiss-Wright Total Revenue

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 4 upward revisions over the last 30 days (we track 7 analysts). Curtiss-Wright has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.5% on average.

Looking at Curtiss-Wright’s peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 8.6%, and Textron reported revenues up 5.4%, topping estimates by 2.4%. AAR traded up 13.4% following the results while Textron was down 8.9%.

Read our full analysis of AAR’s results here and Textron’s results here.

Investors in the aerospace segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Curtiss-Wright is up 1% during the same time and is heading into earnings with an average analyst price target of $488.83 (compared to the current share price of $496.42).

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