The consensus EPS estimate for the quarter has been revised 0.36% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Does Earnings Surprise History Hold Any Clue? While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insig ...

The second-quarter reporting cycle of 2024 for aerospace-defense stocks, housed within the broader Zacks Aerospace sector, has already started with a handful of major defense contractors having delivered mixed results. While companies like Lockheed Martin, Northrop Grumman and Textron delivered better-than-expected earnings, General Dynamics lagged estimates. A handful of defense stocks like Leidos Holdings (LDOS) , Curtiss-Wright Corporation (CW) , Embraer (ERJ) and Huntington Ingalls Industries (HII) , wh ...

Columbia, MD, June 26, 2024 (GLOBE NEWSWIRE) -- Owl Cyber Defense Solutions ("Owl"), the global market leader in trusted cross domain data transfer for critical networks, and Curtiss-Wright's Defense Solutions Division ("Curtiss-Wright"), the trusted, proven leader in communications and processing systems for the tactical edge, today announced the successful integration of Owl's U.S. Government-approved CDFMV video cross domain solution and Curtiss-Wright's PacStar® 454 GPU-enhanced rugged, small form-facto ...

Columbia, MD, June 26, 2024 (GLOBE NEWSWIRE) -- Owl Cyber Defense Solutions ("Owl"), the global market leader in trusted cross domain data transfer for critical networks, and Curtiss-Wright's Defense Solutions Division ("Curtiss-Wright"), the trusted, proven leader in communications and processing systems for the tactical edge, today announced the successful integration of Owl's U.S. Government-approved CDFMV video cross domain solution and Curtiss-Wright's PacStar® 454 GPU-enhanced rugged, small form-facto ...

Curtiss-Wright Corp.'s (CW) expertise in supplying precision components to the aerospace, defense, general industrial and power generation markets is boosting its performance. The increasing adoption of alternative energy sources worldwide, which is fueling the value of nuclear technology, acts as a tailwind for the company. Given its growth prospects, CW makes for a solid investment option in the aerospace sector. Growth Projections & Surprise History Return on Equity Solvency & Liquidity The company's cur ...

Core Viewpoint - Curtiss-Wright Corporation has secured a $16 million contract from Iron Bow to enhance deployable communications for the United States Air Force, with work extending through 2027 [1] About the Contract - The contract involves supplying the USAF with PacStar 400 series modules and Commercial Solutions for Classified (CSfC) integration, with an estimated lifetime value exceeding $60 million [2] - The CSfC solution will utilize software automation to enhance network security and connectivity across various classification levels [2] Growth Prospects - The military communication sector is experiencing growth due to increasing geopolitical tensions, necessitating secure information exchange on the battlefield [3] - Nations are investing heavily in military communication to ensure fast and reliable networks for operational connectivity [3] - The Defense Communication market is projected to grow at a CAGR of 5.86% from 2024 to 2029, indicating robust market prospects [5] Company Positioning - Curtiss-Wright is well-positioned to capitalize on the growing military communication market, offering Encrypted Tactical Networking Communication services [6] - The PacStar 400-Series provides enterprise-class functionality in a compact design, suitable for various military applications [7] Peer Prospects - Northrop Grumman is expected to benefit from military communication spending, with a long-term earnings growth rate of 9.9% and a projected sales growth of 4.6% for 2024 [8][9] - General Dynamics has a long-term earnings growth rate of 11% and anticipates a 10.5% sales growth for 2024, with its Digital Modular Radio being a key product [10][11] - BAE Systems is also positioned for growth, with a long-term earnings growth rate of 12.2% and a projected sales increase of 34.1% for 2024 [12][13] Price Movement - Over the past three months, Curtiss-Wright's shares have increased by 16.8%, contrasting with a 0.4% decline in the industry [14] Zacks Rank - Curtiss-Wright holds a Zacks Rank of 2 (Buy), indicating positive market sentiment [15]

Anadmist/iStock via Getty Images In November 2023, I covered Curtiss-Wright (NYSE:CW) with a buy rating and the stock price performance has been quite favorable since that buy rating, with a 36.5% return, compared to a 21.6% return for the S&P 500. Since the stock price now exceeds the multi-year stock price target established last year and the company recently reported first quarter earnings, I am revisiting the investment case for Curtiss-Wright and adjust my target and rating, if necessary. Curtiss-Wrigh ...

Curtiss-Wright Corporation (CW) announced that its board of directors approved a hike in its quarterly dividend to 21 cents per share, reflecting an increase of 5% from the prior payout. With the current hike, Curtiss-Wright will now pay out an annual dividend of 84 cents per share. This signifies Curtiss-Wright's strength in the business to generate enough cash flow to reward shareholders with improved dividend payouts. Curtiss-Wright Enhances Shareholders Value Curtiss-Wright's emphasis on returning cash ...

Wall Street had a great first quarter but volatility appears to have returned to markets amid concerns over inflation. Although all three major indexes are holding ground, investors are unsure about the Federal Reserve's next move. Inflation, which declined sharply in 2023, has resumed its climb, increasing for the third straight month. The consumer price index (CPI) rose 3.5% year over year in March after increasing 3.1% and 3.2% in January and February, respectively. On May 10, Curtiss-Wright Corporation ...

Curtiss-Wright Corporation (CW) shares rose 4.4% to reach $268.17 on May 3 following the release of its first-quarter 2024 results.  The company reported first-quarter earnings per share (EPS) of $1.99, which surpassed the Zacks Consensus Estimate of $1.75 by 13.7%. The bottom line also improved 34.5% from the year-ago quarter’s level of $1.48.Operational PerformanceIn the quarter under review, the company’s net sales of $713.2 million went up 13% year over year. Also, the top line surpassed the Zacks Conse ...