Earnings Outlook For Woodward
Portfolio Pulse from Benzinga Insights
Woodward (NASDAQ:WWD) is expected to release its quarterly earnings report on Thursday, 2023-11-16, with analysts predicting an EPS of $1.31. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Woodward's stock price has been sensitive to earnings performance and guidance. Last quarter, Woodward beat the EPS estimate by $0.40, resulting in a 9.54% stock price increase the following day. Over the past year, WWD shares have risen 38.0%, trading at $134.99 as of November 14.
November 15, 2023 | 3:00 pm
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Woodward is anticipated to release its earnings report with an expected EPS of $1.31. A beat on this estimate and positive future guidance could lead to a stock price increase, as seen historically. Shares have been performing well, up 38% over the past year.
Given Woodward's history of stock price increases following earnings beats and the current positive trend in its share price, there is a high likelihood of a positive short-term impact if the company reports a beat and provides favorable guidance. The 38% YTD increase in share price indicates strong investor confidence, which could be further bolstered by a strong earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100