Woodward(US:WWD) ZACKS·2024-11-25 23:30Core Insights - Woodward reported revenue of $854.49 million for the quarter ended September 2024, reflecting a 10% increase year-over-year and a surprise of +5.90% over the Zacks Consensus Estimate of $806.85 million [1] - Earnings per share (EPS) for the quarter was $1.41, up from $1.33 in the same quarter last year, with an EPS surprise of +15.57% compared to the consensus estimate of $1.22 [1] Financial Performance Metrics - Industrial segment external net sales were $301.70 million, slightly below the estimated $284.12 million, representing a -6.4% change year-over-year [3] - Aerospace segment external net sales reached $552.79 million, exceeding the average estimate of $522.79 million, with a year-over-year increase of +21.5% [3] - Aerospace segment net sales for Defense aftermarket were $59 million, below the estimated $64.56 million, showing a +5.7% change year-over-year [3] - Aerospace segment net sales for Commercial aftermarket were $174 million, surpassing the estimate of $167.14 million, with a year-over-year increase of +22.5% [3] - Aerospace segment net sales for Commercial OEM were $194 million, slightly above the estimate of $192.68 million, reflecting a +16.2% change year-over-year [3] - Aerospace segment net sales for Defense OEM were $126 million, significantly exceeding the estimated $98.75 million, with a +39.9% change year-over-year [3] - Aerospace segment earnings were $106 million, above the average estimate of $100.52 million [3] - Industrial segment earnings were $38 million, exceeding the average estimate of $32.98 million [3] Stock Performance - Woodward's shares have returned +7.3% over the past month, outperforming the Zacks S&P 500 composite's +2.1% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]