BWX Technologies (BWXT) Earnings Expected to Grow: Should You Buy?

Company Overview - BWX Technologies (BWXT) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended June 2024 [1] - The earnings report is anticipated to be released on August 5, 2024, with a consensus EPS estimate of $0.76, reflecting a +16.9% change year-over-year [3][4] Revenue Expectations - Revenues for BWX are projected to be $643.87 million, which is a 5.1% increase from the same quarter last year [4] Estimate Revisions - The consensus EPS estimate has been revised 2.3% higher in the last 30 days, indicating a positive reassessment by analysts [5] - BWX has an Earnings ESP of +0.88%, suggesting analysts have become more optimistic about the company's earnings prospects [11] Historical Performance - In the last reported quarter, BWX exceeded the expected EPS of $0.67 by delivering $0.76, resulting in a surprise of +13.43% [14] - The company has beaten consensus EPS estimates in each of the last four quarters [15] Earnings Prediction Insights - A positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9] - BWX currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [12][13]