Market Overview

Curtiss-Wright's Earnings Outlook

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On Wednesday, October 28, Curtiss-Wright (NYSE: CW) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Curtiss-Wright reporting earnings of $1.54 per share on revenue of $566.29 million. In the same quarter last year, Curtiss-Wright reported EPS of $1.95 on revenue of $614.88 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street estimate would represent a 21.03% decline in the company's earnings. Sales would be down 7.9% from the same quarter last year. The company's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q2 2020 Q1 2020 Q4 2020 Q3 2019
EPS Estimate 1.28 1.29 2.08 1.83
EPS Actual 1.31 1.34 2.12 1.95
Revenue Estimate 542.32 M 581.15 M 685.96 M 625.31 M
Revenue Actual 550.05 M 601.23 M 655.77 M 614.88 M

Stock Performance

Shares of Curtiss-Wright were trading at $90.99 as of October 26. Over the last 52-week period, shares are down 31.16%. Given that these returns are generally negative, long-term shareholders are probably unhappy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Curtiss-Wright is scheduled to hold the call at 10:00:00 ET and can be accessed here.

 

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Posted-In: Earnings