Aerospace and defense company Woodward (NASDAQ: WWD) will be announcing earnings results this Monday afternoon. Here’s what to look for.

Woodward beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $995.3 million, up 16.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ EBITDA estimates.

Is Woodward a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Woodward’s revenue to grow 15.2% year on year to $890.1 million, a reversal from the 1.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.65 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Woodward has missed Wall Street’s revenue estimates twice over the last two years.

Looking at Woodward’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Boeing delivered year-on-year revenue growth of 57.1%, beating analysts’ expectations by 6.9%, and AAR reported revenues up 15.9%, topping estimates by 4.4%. Boeing traded down 2.4% following the results while AAR was up 2.1%.

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

There has been positive sentiment among investors in the aerospace segment, with share prices up 7.3% on average over the last month. Woodward is up 1.8% during the same time and is heading into earnings with an average analyst price target of $375.13 (compared to the current share price of $317.15).

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