Golf Clap for Curtiss-Wright
Curtiss-Wright (NYS: CW) reported earnings on Feb. 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Curtiss-Wright met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew. GAAP earnings per share contracted slightly.
Margins contracted across the board.
Curtiss-Wright reported revenue of $590.4 million. The four analysts polled by S&P Capital IQ foresaw a top line of $592.8 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $561.4 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 $0.95. The four earnings estimates compiled by S&P Capital IQ predicted $0.95 per share. Non-GAAP EPS of $0.95 for Q4 were 13% higher than the prior-year quarter's $0.84 per share. GAAP EPS of $0.82 for Q4 were 2.4% lower than the prior-year quarter's $0.84 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 32.9%, 50 basis points worse than the prior-year quarter. Operating margin was 10.5%, 40 basis points worse than the prior-year quarter. Net margin was 6.5%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $585.0 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.44 billion. The average EPS estimate is $3.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 167 members out of 169 rating the stock outperform, and two members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Curtiss-Wright a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Curtiss-Wright is outperform, with an average price target of $36.75.
Looking for alternatives to Curtiss-Wright? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Curtiss-Wright to My Watchlist.
The article Golf Clap for Curtiss-Wright originally appeared on Fool.com.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. The Motley Fool has no position in any of the stocks mentioned. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.