Core Viewpoint - Astronics Corporation (ATRO) is expected to report first-quarter 2025 results on May 6, with revenue estimates indicating growth and a significant improvement in earnings compared to the previous year [1][2]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for revenues is $190 million, reflecting a 2.7% increase from the same quarter last year [2]. - The consensus estimate for earnings is 25 cents per share, a notable recovery from a loss of 9 cents in the prior-year quarter, with a 19.1% upward revision in the last 60 days [2]. Segment Performance - The Aerospace unit is projected to drive sales growth, with first-quarter sales estimated at $171.8 million, a 5% increase year-over-year, supported by rising demand for cabin power and in-flight entertainment [5][6]. - Conversely, the Test Systems unit is expected to see a decline in sales, estimated at $18.2 million, down 15% from the previous year due to delays in the U.S. Army's radio test program [7]. Overall Company Performance - Approximately 90% of ATRO's total revenues come from the Aerospace segment, which is anticipated to enhance overall top-line performance [8]. - The company's shares have increased by 44.3% year-to-date, outperforming the Zacks Aerospace-Defense Equipment industry and the broader market [9]. Valuation Metrics - ATRO's forward 12-month price-to-earnings (P/E) ratio is 17.31X, which is lower than the peer group's average of 23.41X, indicating a potentially attractive valuation [10]. - Despite this, industry peers like Leonardo DRS and TransDigm Group are trading at higher P/E multiples of 35.62 and 35.37, respectively [14]. Growth Catalysts and Challenges - The expansion of global commercial air traffic is a significant growth driver for ATRO, with expectations for strong revenue and earnings growth in the first quarter [16]. - The company faces challenges such as supply-chain pressures, material availability, and rising labor costs, which could impact performance [15]. Investment Considerations - Given the favorable sales and earnings estimates, a strong Zacks Rank, and solid year-to-date stock performance, ATRO may be a compelling investment opportunity ahead of its earnings report [20].

Company Performance - Axon Enterprise (AXON) closed at $621.10, with a daily gain of +1.27%, outperforming the S&P 500's gain of 0.63% [1] - Over the past month, Axon shares increased by 9.83%, significantly surpassing the Aerospace sector's gain of 2.14% and the S&P 500's loss of 0.7% [1] Upcoming Earnings - The upcoming earnings report for Axon Enterprise is scheduled for May 7, 2025, with an expected EPS of $1.27, indicating a 10.43% increase year-over-year [2] - Revenue is projected at $589.09 million, reflecting a 27.86% rise compared to the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at $6.11 per share and revenue at $2.62 billion, representing increases of +2.86% and +25.7% respectively from the prior year [3] - Recent revisions to analyst forecasts are crucial as they indicate changing business trends, with positive revisions suggesting analyst optimism about the company's profitability [3] Zacks Rank and Stock Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Axon Enterprise currently holds a Zacks Rank of 2 (Buy) [5] - Over the past month, the Zacks Consensus EPS estimate for Axon has increased by 4.52% [5] Valuation Metrics - Axon Enterprise has a Forward P/E ratio of 100.34, which is significantly higher than the industry average of 30.91, suggesting that the company is trading at a premium [6] - The PEG ratio for Axon is 3.61, compared to the industry average PEG ratio of 2.36, indicating a higher valuation relative to projected earnings growth [7] Industry Context - The Aerospace - Defense Equipment industry, part of the Aerospace sector, has a Zacks Industry Rank of 34, placing it in the top 14% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]

FTAI Aviation (FTAI) came out with quarterly earnings of $0.87 per share, missing the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.45%. A quarter ago, it was expected that this transportation infrastructure company would post earnings of $0.83 per share when it actually produced earnings of $0.84, delivering a surprise of 1.20%.Over the last ...

Core Viewpoint - AerSale Corporation (ASLE) has demonstrated strong stock performance, with a year-to-date increase of 12.1%, significantly outperforming the broader aerospace sector and the S&P 500 [1][2]. Group 1: Stock Performance and Industry Context - ASLE's stock has outperformed the Zacks Aerospace-Defense Equipment industry's rise of 0.5% and the broader Zacks Aerospace sector's gain of 4.9% [1]. - Other industry players, such as Astronics (ATRO) and Leonardo DRS (DRS), have also shown strong performances, with ATRO up 41.9% and DRS up 15% year-to-date [2]. Group 2: Factors Driving ASLE's Stock Price - ASLE has expanded its capabilities through strategic acquisitions, including a new MRO facility in Millington, TN, and an expansion of its Miami operations [4]. - The acquisition of a parts portfolio from the Sanad Group in January 2025 will enhance ASLE's inventory for widely operated aircraft models, supporting a diverse customer base [5]. - The introduction of innovative products, such as the AerAware Enhanced Flight Vision System, is expected to drive organic growth and boost investor confidence [6][7]. Group 3: Financial Position and Future Outlook - As of December 31, 2024, ASLE reported cash and cash equivalents of $12 million, with total debt of $5 million, indicating a strong solvency position [8]. - The company has initiated a share repurchase program, agreeing to repurchase approximately 6.428 million shares from its private equity sponsor [10]. - The global air travel outlook is expected to improve, positively impacting ASLE's operational results and those of its industry peers [11]. Group 4: Earnings and Sales Estimates - The Zacks Consensus Estimate for ASLE's 2025 sales indicates a year-over-year growth of 6.8%, with a projected improvement of 21.5% for 2026 [13]. - Earnings estimates for 2025 and 2026 also show significant growth, with year-over-year increases of 288.89% and 22.86%, respectively [15]. Group 5: Valuation Metrics - ASLE's forward 12-month price-to-earnings (P/E) ratio is 9.38X, which is a discount compared to its peer group's average of 33.90X, suggesting a favorable valuation for investors [16].

Company Overview - Curtiss-Wright (CW) is expected to report a year-over-year increase in earnings due to higher revenues for the quarter ended March 2025, with a consensus EPS estimate of $2.39, reflecting a +20.1% change [1][3] - Revenues are anticipated to reach $767.2 million, representing a 7.6% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for release on May 7, 2025, and could influence stock movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised 0.19% lower in the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for Curtiss-Wright is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +0.12%, suggesting a likelihood of beating the consensus EPS estimate [10][11] - The company holds a Zacks Rank of 3, which indicates a neutral outlook [11] Historical Performance - In the last reported quarter, Curtiss-Wright exceeded the expected EPS of $3.08 by delivering $3.27, resulting in a surprise of +6.17% [12] - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13] Industry Context - In the Zacks Aerospace - Defense Equipment industry, Astronics Corporation (ATRO) is expected to post earnings of $0.25 per share for the same quarter, indicating a significant year-over-year change of +377.8% [17] - Astronics' consensus EPS estimate has been revised 16.1% lower in the last 30 days, and it has an Earnings ESP of 0.00% combined with a Zacks Rank of 1, making predictions about beating the consensus EPS challenging [18]

Core Viewpoint - Astronics Corporation (ATRO) has shown strong stock performance, with a 32.3% increase over the past year, outperforming both the Zacks Aerospace-Defense Equipment industry and the broader Zacks Aerospace sector [1][2]. Group 1: Stock Performance - ATRO's stock has outperformed the S&P 500's return of 8.3% during the same period [1]. - Other industry players like Leonardo DRS and Curtiss-Wright Corp. have also performed well, with stock increases of 67.5% and 31.7%, respectively [2]. Group 2: Drivers of Growth - Significant contracts, such as the U.S. Army Future Long Range Assault Aircraft contract, are expected to contribute approximately $60-$65 million in revenues over the next few years [4]. - A contract secured in April 2025 to supply the Frequency Converter Unit for NASA and Boeing's TTBW X-66 aircraft demonstrator will further support revenue growth [5]. - The company reported a solid 15% year-over-year sales increase in 2024, indicating strong operational performance [6]. Group 3: Financial Position - As of December 2024, ATRO had cash and cash equivalents of $18 million and no current debt, with long-term debt totaling $169 million [7]. - The company is positioned to invest in new product innovation, which is crucial for growth in the aerospace sector [7]. Group 4: Future Outlook - The Zacks Consensus Estimate predicts a 3.6% year-over-year growth in sales for 2025 and an 8.2% increase for 2026 [11]. - Earnings estimates show significant growth potential, with a projected year-over-year increase of 377.78% for the current quarter and 53.10% for the next year [13]. Group 5: Valuation - ATRO's forward 12-month price-to-earnings (P/E) ratio is 16.63X, which is below the peer group average of 23.42X, indicating a potentially attractive investment opportunity [14].

Core Insights - Woodward, Inc. (WWD) reported second-quarter fiscal 2025 adjusted net earnings per share (EPS) of $1.69, a 4.3% increase year over year, exceeding the Zacks Consensus Estimate by 17.4% [1] - Quarterly net sales rose 5.8% year over year to $883.6 million, surpassing the consensus estimate by 6.4% [1] - The company raised the lower end of its sales and earnings guidance, reflecting confidence in navigating tariffs and current market conditions [2] Financial Performance - Aerospace segment net sales reached $561.7 million, up 12.9% year over year, driven by strong defense demand and a robust commercial after-market [3] - Defense OEM sales increased 52% to $138 million, while commercial after-market sales grew 23% [4] - Industrial segment net sales totaled $321.9 million, down 4.7% year over year, with transportation sales declining 18% due to a drop in China on-highway sales [5][6] Earnings and Margins - Segmental earnings for Aerospace were $125 million, up from $98 million a year ago, primarily driven by price realization and higher volumes [4] - Industrial segment earnings declined to $46 million from $65 million in the year-ago quarter, affected by lower China on-highway volume [7] - Gross margin decreased by 90 basis points year over year to 27.2% [8] Cash Flow and Shareholder Returns - As of March 31, 2024, WWD had $364.1 million in cash and cash equivalents and $489.8 million in long-term debt [11] - The company generated $78 million of net cash from operating activities, down from $97 million in the prior-year period [11] - Free cash flow was $59 million compared to $83 million in the year-ago period, with $61 million returned to shareholders through dividends and share repurchases [12] Fiscal 2025 Guidance - WWD raised the lower end of its sales guidance to between $3,375 million and $3,500 million, and adjusted EPS guidance to range from $5.95 to $6.25 [14] - Aerospace segment revenues are expected to increase by 8-13%, while industrial segment revenues are anticipated to decline by 7-9% [15]

Woodward (WWD) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.36%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.14 per share when it actually produced earnings of $1.35, deliv ...

Core Viewpoint - L3Harris Technologies, Inc. (LHX) reported strong adjusted earnings for Q1 2025, exceeding expectations, but faced revenue challenges due to divestitures and segment performance variations [1][3][11]. Financial Performance - Adjusted earnings per share for Q1 2025 were $3.47, surpassing the Zacks Consensus Estimate of $2.32 by 3.9% and increasing 7.1% from $2.25 in the previous year [1]. - GAAP earnings were reported at $2.04 per share, up from $1.48 in the prior-year period [1]. - Total revenues for L3Harris were $5.13 billion, missing the Zacks Consensus Estimate of $5.23 billion by 1.9% and down 1.5% from $5.21 billion year-over-year [3]. Segmental Performance - Integrated Mission Systems reported net revenues of $1.59 billion, a 2% decline year-over-year, but operating income increased to $203 million from $185 million, with an operating margin of 12.8% [4][5]. - Space and Airborne Systems had net revenues of $1.61 billion, an 8% decline year-over-year, with operating income dropping to $176 million and an operating margin of 10.9% [6]. - Communication Systems saw a 4% increase in net revenues to $1.35 billion, with operating income improving to $345 million and an operating margin of 25.5% [7]. - Aerojet Rocketdyne reported revenues of $629 million, an 8% year-over-year increase, but operating income slightly decreased to $76 million with an operating margin of 12.1% [8]. Financial Position - As of March 28, 2025, L3Harris had $517 million in cash and cash equivalents, down from $615 million as of January 3, 2025 [9]. - Long-term debt decreased to $10.98 billion from $11.08 billion [10]. - Adjusted free cash flow for Q1 2025 was $72 million, down from $156 million in the same quarter of 2024 [10]. 2025 Guidance - L3Harris updated its revenue guidance for 2025 to a range of $21.40-$21.70 billion, lower than the previous guidance of $21.80-$22.20 billion [11]. - The company expects adjusted earnings to be in the range of $10.30-$10.50, with the consensus estimate at $10.57 per share [12]. - The adjusted segment operating margin is anticipated to be in the mid-to-high 15% range, with expected adjusted free cash flow between $2.40 billion and $2.50 billion [12].

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