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Will Woodward (WWD) Beat Estimates Again in Its Next Earnings Report?
WoodwardWoodward(US:WWD) ZACKSยท2024-07-10 17:11

Core Viewpoint - Woodward is positioned as a strong candidate for potential earnings beats, supported by a positive Earnings ESP and a solid Zacks Rank, indicating bullish sentiment among analysts [7][11]. Earnings ESP and Performance - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [2]. - A positive Earnings ESP, such as Woodward's current +2.87%, suggests increased analyst optimism regarding near-term earnings potential [7]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. Woodward's Earnings History - Woodward has consistently surpassed earnings estimates, achieving an average surprise of 29.19% over the last two quarters [10]. - In the most recent quarter, Woodward reported earnings of $1.62 per share against an expectation of $1.28, resulting in a surprise of 26.56% [12]. - For the previous quarter, the consensus estimate was $1.10 per share, while the actual earnings were $1.45 per share, leading to a surprise of 31.82% [12].