Woodward Hits Estimates in Solid Quarter
Woodward (NAS: WWD) reported earnings on April 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Woodward met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share improved significantly.
Margins grew across the board.
Woodward reported revenue of $468.8 million. The six analysts polled by S&P Capital IQ wanted to see sales of $467.6 million on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $418.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.55. The six earnings estimates compiled by S&P Capital IQ averaged $0.55 per share. GAAP EPS of $0.55 for Q2 were 20% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.2%, 100 basis points better than the prior-year quarter. Operating margin was 12.8%, 30 basis points better than the prior-year quarter. Net margin was 8.3%, 60 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $489.3 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $1.91 billion. The average EPS estimate is $2.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 540 members out of 553 rating the stock outperform, and 13 members rating it underperform. Among 133 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 132 give Woodward a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Woodward is buy, with an average price target of $49.57.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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