Curtiss-Wright (CW) Tops Q1 Earnings and Revenue Estimates

Core Insights - Curtiss-Wright reported quarterly earnings of $2.82 per share, exceeding the Zacks Consensus Estimate of $2.39 per share, and up from $1.99 per share a year ago, representing an earnings surprise of 17.99% [1] - The company achieved revenues of $805.65 million for the quarter, surpassing the Zacks Consensus Estimate by 5.01%, and an increase from $713.17 million year-over-year [2] - The stock has increased approximately 2.4% since the beginning of the year, contrasting with a -4.7% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.92, with expected revenues of $835.53 million, and for the current fiscal year, the EPS estimate is $12.16 on revenues of $3.34 billion [7] - The estimate revisions trend for Curtiss-Wright is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Aerospace - Defense Equipment industry is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Another company in the same industry, CAE, is expected to report quarterly earnings of $0.31 per share, reflecting a year-over-year increase of 244.4%, with revenues projected at $906.71 million, up 8.5% from the previous year [9][10]