Company Performance - Woodward's shares have increased by 14.7% over the past month, reaching a new 52-week high of $304.72, and have gained 80.4% since the start of the year, outperforming the Zacks Aerospace sector (22.6%) and the Aerospace - Defense Equipment industry (20.6%) [1] - The company has a strong record of positive earnings surprises, not missing earnings consensus estimates in the last four quarters, with the latest EPS reported at $2.09 against a consensus estimate of $1.83 [2] Earnings Projections - For the current fiscal year, Woodward is expected to post earnings of $7.69 per share on revenues of $3.96 billion, reflecting an 11.61% change in EPS and an 11.08% change in revenues [3] - For the next fiscal year, earnings are projected to be $8.86 per share on revenues of $4.17 billion, indicating a year-over-year change of 15.17% in EPS and 5.22% in revenues [3] Valuation Metrics - Woodward's current trading metrics show a P/E ratio of 39X for the current fiscal year EPS estimates, which is above the peer industry average of 35.4X, and a trailing cash flow basis P/E of 33.5X compared to the peer group's average of 28.5X [7] - The stock has a PEG ratio of 2.57, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank and Style Scores - Woodward holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts, which is considered more important than the VGM Score [8] - The company has a Value Score of D, a Growth Score of B, and a Momentum Score of A, resulting in a combined VGM Score of B [6] Industry Comparison - In comparison to industry peers, Astronics Corporation (ATRO) has a Zacks Rank of 1 (Strong Buy) and has shown strong earnings performance, beating consensus estimates by 16.67% [10][11] - The Aerospace - Defense Equipment industry ranks in the bottom 60% of all industries, but there are still positive tailwinds for both Woodward and Astronics Corporation [12]
Woodward, Inc. (WWD) Hits Fresh High: Is There Still Room to Run?