Curtiss-Wright (CW) reported $824.31 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 4.9%. EPS of $3.27 for the same period compares to $3.16 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $785.49 million, representing a surprise of +4.94%. The company delivered an EPS surprise of +6.17%, with the consensus EPS estimate being $3.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

Curtiss-Wright (CW) came out with quarterly earnings of $3.27 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $3.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.17%. A quarter ago, it was expected that this engineering firm would post earnings of $2.70 per share when it actually produced earnings of $2.97, delivering a surprise of 10%.Over the last four quarters, the compan ...

Core Insights - Analysts project that Curtiss-Wright (CW) will report quarterly earnings of $3.08 per share, reflecting a year-over-year decline of 2.5% [1] - Revenue is expected to be $785.49 million, indicating no change compared to the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has been revised 0.1% lower in the last 30 days, indicating a reevaluation by analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3] Key Metrics Projections - Analysts forecast 'Adjusted Sales- Aerospace & Industrial' to reach $250.84 million, a year-over-year increase of 5.3% [4] - 'Adjusted Sales- Naval & Power' is estimated at $312.84 million, reflecting a year-over-year change of 1.6% [5] - 'Adjusted Sales- Defense Electronics' is projected at $221.20 million, indicating a decline of 7.7% from the prior-year quarter [5] Operating Income Estimates - 'Reported Operating Income- Aerospace & Industrial' is expected to be $46.39 million, up from $44.05 million year-over-year [6] - 'Reported Operating Income- Naval & Power' is projected at $61.15 million, compared to $56.85 million in the same quarter last year [6] - 'Reported Operating Income- Defense Electronics' is estimated at $58.82 million, down from $69.02 million in the same quarter last year [7] Stock Performance - Shares of Curtiss-Wright have shown a return of -0.5% over the past month, while the Zacks S&P 500 composite increased by 1.9% [8] - Curtiss-Wright holds a Zacks Rank 3 (Hold), suggesting it is expected to mirror overall market performance in the near future [8]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Curtiss-Wright due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Curtiss-Wright is expected to report quarterly earnings of $3.08 per share, reflecting a year-over-year decrease of 2.5% [3]. - Revenue projections stand at $785.49 million, indicating no change from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.14% over the last 30 days, indicating a reassessment by analysts [4]. - A positive Earnings ESP of +1.24% suggests analysts have recently become more optimistic about Curtiss-Wright's earnings prospects [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [8]. - Curtiss-Wright currently holds a Zacks Rank of 3, which, along with the positive Earnings ESP, suggests a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Curtiss-Wright exceeded the expected earnings of $2.70 per share by delivering $2.97, resulting in a surprise of +10% [12]. - The company has successfully beaten consensus EPS estimates in each of the last four quarters [13]. Market Dynamics - An earnings beat or miss may not solely dictate stock movement, as other factors can influence investor sentiment [14]. - Despite the potential for an earnings beat, it is essential to consider additional factors before making investment decisions regarding Curtiss-Wright [16].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.I covered Curtiss-Wright Corporation (NYSE: CW ) in May 2024 marking the stock a buy. Since then the stock price has increased by 31.3% compared to a 13% return for the S&P 500. Since I upgraded the stock from hold toDhierin runs the investing grou ...

Core Viewpoint - The second presidency of Donald Trump has significantly impacted financial markets, with defense stocks underperforming due to uncertainty about future policies, while some sectors like cryptocurrency have thrived due to presidential support [1][2]. Defense Sector Performance - Defense stocks have generally lagged behind the broader market since Trump's reelection, primarily due to uncertainty regarding his second term [2]. - The Department of Government Efficiency (DOGE), led by Elon Musk, has targeted longstanding defense programs, which adds to the uncertainty in the sector [2]. Investment Bank Insights - Citigroup has adopted a bullish stance on defense stocks, highlighting four companies that could benefit from potential policy changes under the new administration [4]. Company Summaries - **V2X Inc. (NYSE: VVX)**: - Citigroup initiated coverage with a 'Buy' rating and a price target of $64, citing potential outsourcing opportunities due to government headcount reductions [5][6]. - The stock was trading at $52.89, reflecting a 10.58% increase year-to-date, with a projected 21% upside [6]. - **Curtiss-Wright Corp (NYSE: CW)**: - Coverage initiated with a 'Buy' rating and a price target of $410, with expectations of becoming net cash positive by 2026 and 13% earnings growth through 2027 [7][8]. - The stock was trading at $375.53, having increased by 5.82% year-to-date, indicating a 9.17% upside potential [9]. - **RTX Corporation (NYSE: RTX)**: - Upgraded from 'Neutral' to 'Buy' with a price target raised to $153 from $132, supported by demand from Europe and positive commercial aftermarket commentary expected [10][11]. - The stock was priced at $122.57, showing a 5.92% increase year-to-date, with a 24.82% upside forecast [12]. - **Northrop Grumman (NYSE: NOC)**: - Upgraded to 'Buy' from 'Neutral', with a price target maintained at $587, as the stock is viewed as fairly valued after a recent selloff [13][14]. - The stock was trading at $488.10, reflecting a 4.01% increase year-to-date, with a 20.26% upside potential [15].

Group 1: Acquisition Details - Curtiss-Wright Corporation (CW) announced the acquisition of Ultra Energy for $200 million in cash, which provides safety-critical measurement and control systems to the commercial nuclear, aerospace, and defense industries [1][2] - The acquisition is expected to strengthen CW's footprint in the aerospace and defense industry by enhancing its reactor protection systems, neutron monitoring systems, and other critical technologies [2][3] - This acquisition broadens CW's worldwide commercial nuclear portfolio, supporting plant life extensions and modernization projects, and increases its presence with top small modular reactor designers in the U.S. and Europe [3] Group 2: Industry Trends - The military industry has seen a notable increase in mergers and acquisitions, driven by cost-cutting initiatives and the need to diversify portfolios to combat competition [4] - Other defense companies, such as Lockheed Martin and TransDigm, have also engaged in significant acquisitions to expand their operations and enhance product offerings [6][7] Group 3: Financial Performance - In the past six months, Curtiss-Wright's shares have risen by 29.1%, outperforming the industry's growth of 17.2% [11]

Group 1 - Curtiss-Wright (CW) has shown significant year-to-date performance, with a return of approximately 72.8%, outperforming the Aerospace sector average of 3.9% [4] - The Zacks Rank for Curtiss-Wright is currently 2 (Buy), indicating a positive earnings outlook and improving analyst sentiment [3][4] - The Zacks Consensus Estimate for CW's full-year earnings has increased by 1.6% over the past quarter, reflecting a more favorable earnings outlook [4] Group 2 - Curtiss-Wright is part of the Aerospace - Defense Equipment industry, which has seen an average gain of 39.9% this year, indicating strong performance relative to its peers [6] - In contrast, L3Harris (LHX), another outperforming stock in the Aerospace sector, has returned 5.4% year-to-date, with a Zacks Rank of 2 (Buy) [5] - The Aerospace - Defense industry, which includes L3Harris, has experienced a decline of -7.5% since the beginning of the year, highlighting the relative strength of Curtiss-Wright [6]

Curtiss-Wright Corp. (CW) offers a great investment opportunity in the Zacks Aerospace Defense Equipment industry, with rising earnings estimates, robust ROE, strong liquidity, low debt position and strong dividend history.Let us focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.Growth Projections & Surprise History of CW The Zacks Consensus Estimate for CW’s 2024 earnings per share has increased 1.4% to $10.71 per share over the past 60 days. The Zacks C ...

Shares of Curtiss-Wright Corporation (CW) lost 1.4% to reach $348.82 on Friday, following the release of its third-quarter 2024 results. The company reported adjusted earnings per share (EPS) of $2.97, which beat the Zacks Consensus Estimate of $2.70 by 10%. The bottom line also improved 16.9% from the year-ago quarter’s level of $2.54.See the Zacks Earnings Calendar to stay ahead of market-making news. The company reported GAAP earnings of $2.89 per share, up 15.1% from the prior-year period’s $2.51.The ye ...