Curtiss-Wright Earnings Preview
Investors are on the edge of their collective seats, hoping that Curtiss-Wright (NYS: CW) will top analyst expectations for the fourth consecutive quarter. The company will unveil its latest earnings Thursday. Curtiss-Wright is a multinational manufacturing and service company that designs, manufactures, and overhauls precision components and systems, and provides highly engineered products and services.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Curtiss-Wright, with five of nine analysts rating it hold. Analysts like Curtiss-Wright better than competitor Watts Water Technologies overall. Five out of 14 analysts rate Watts Water Technologies a buy compared with four of nine for Curtiss-Wright. Analysts still rate the stock a hold, but they are a bit more wary about it compared with three months ago.
- Revenue forecasts: On average, analysts predict $481.8 million in revenue this quarter. That would represent a rise of 4.2% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.59 per share. Estimates range from $0.52 to $0.64.
What our community says:
CAPS All-Stars are solidly behind the stock, with 98.7% granting it an "outperform" rating. The community at large backs the All-Stars, with 100% assigning it a rating of "outperform." Fools have embraced Curtiss-Wright, though the message boards have been quiet lately with only 49 posts in the past 30 days. Curtiss-Wright has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Curtiss-Wright's profit has risen year over year by an average of 24.8%. Revenue has now gone up for three straight quarters.
One final thing: If you want to keep tabs on Curtiss-Wright movements, and for more analysis on the company, make sure you add it to your watchlist.
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At the time this article was published
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