Curtiss-Wright (CW) Reports Q1: Everything You Need To Know Ahead Of Earnings

CW Cover Image

Aerospace and defense company Curtiss-Wright (NYSE: CW) will be announcing earnings results tomorrow afternoon. Here’s what you need to know.

Curtiss-Wright beat analysts’ revenue expectations by 5.9% last quarter, reporting revenues of $824.3 million, up 4.9% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations.

Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Curtiss-Wright’s revenue to grow 7.6% year on year to $767 million, slowing from the 13% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.39 per share.

Curtiss-Wright Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Curtiss-Wright has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 6.8% on average.

Looking at Curtiss-Wright’s peers in the aerospace segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Boeing delivered year-on-year revenue growth of 17.7%, missing analysts’ expectations by 0.6%, and Textron reported revenues up 5.5%, topping estimates by 2.3%. Boeing traded up 8.5% following the results while Textron was also up 3.5%.

Read our full analysis of Boeing’s results here and Textron’s results here.

There has been positive sentiment among investors in the aerospace segment, with share prices up 12.3% on average over the last month. Curtiss-Wright is up 25% during the same time and is heading into earnings with an average analyst price target of $378.39 (compared to the current share price of $359.93).

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