Curtiss-Wright Q4 Earnings Exceeded Expectations

Curtiss-Wright exceeded the Zacks Consensus Estimate of $2.36 per share with quarterly profits of $2.40 per share compared to $2.39 per share in the previous year.
CENTRAL, Hong Kong - June 1, 2022 - PRLog -- Non-recurring elements have been removed from these values.

This quarterly report represents a 1.69% profit surprise. This engineering business was predicted to report earnings of $1.80 per share a quarter ago but it actually reported earnings of $1.88, a pleasant surprise of 4.44%. The firm has also outperformed consensus EPS projections four times in the previous four quarters.

Curtiss-Wright, which is part of the Zacks Aerospace - Defence Equipment category, reported sales of $655.3 million in the fourth quarter of 2021, which was 3.63% lower than the Zacks Consensus Estimate. This compared to $668.44 million in the previous year. Over the previous four quarters, the firm has surpassed consensus sales projections three times.

The stock's immediate price movement based on recently revealed figures and future earnings projections will be largely determined by management's earnings call remarks. Curtiss- Wright's stock has dropped around 2.1% since the start of the year, compared to the S&P 500's 9.7% drop.

While Curtiss-Wright has outperformed the market so far this year, investors are wondering what will be there next move.

There are no easy answers to this crucial issue but the company's profits projection is one trustworthy metric that can assist investors in finding the answer. This includes not just current consensus earnings estimates for the next quarter(s), more importantly how these estimates have recently evolved.

Near-term market movements and changes in earnings estimate revisions have a substantial association, according to empirical studies. Investors may keep track of earnings estimate revisions on their own or use a tried-and-true grading tool like the Zacks Rank, which has a proven track record of harnessing the power of revisions to earnings estimates.

For more latest news in US Stock Market, you may also visit us at Millennium Capital Management (Hong Kong) Limited through our website or contact us via email.

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Page Updated Last on: Aug 12, 2022

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