Redwire (RDW) To Report Earnings Tomorrow: Here Is What To Expect

RDW Cover Image

Aerospace and defense company Redwire (NYSE: RDW) will be reporting results this Wednesday after market close. Here’s what to expect.

Redwire missed analysts’ revenue expectations by 23.3% last quarter, reporting revenues of $61.76 million, down 20.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EBITDA estimates.

Is Redwire a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

Redwire 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. Redwire has missed Wall Street’s revenue estimates twice since going public.

Looking at Redwire’s peers in the aerospace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 7.4%, and Howmet reported revenues up 13.8%, topping estimates by 2.3%. AAR traded up 4.2% following the results while Howmet was also up 1.1%.

Read our full analysis of AAR’s results here and Howmet’s results here.

Investors in the aerospace segment have had steady hands going into earnings, with share prices flat over the last month. Redwire is down 34.5% during the same time and is heading into earnings with an average analyst price target of $17.72 (compared to the current share price of $7.35).

P.S. STOP buying the AI stocks everyone’s talking about. The real money? It’s in the profitable pick nobody’s watching yet. We’ve identified an AI profit machine that’s flying under Wall Street’s radar—for now. We can’t keep this research public forever—grab your FREE copy before we pull it offline. GO HERE NOW.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  249.49
-4.51 (-1.77%)
AAPL  270.45
+1.40 (0.52%)
AMD  252.63
-7.02 (-2.70%)
BAC  53.40
-0.16 (-0.30%)
GOOG  277.68
-6.44 (-2.27%)
META  629.80
-7.91 (-1.24%)
MSFT  510.62
-6.40 (-1.24%)
NVDA  199.76
-7.12 (-3.44%)
ORCL  249.90
-7.95 (-3.08%)
TSLA  447.10
-21.27 (-4.54%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.