Woodward Q4 Adj. ES $1.33 vs $1.31 Est., Net Sales $777M vs $765.355M Est.
Portfolio Pulse from Benzinga Newsdesk
Woodward Inc. reported its Q4 adjusted earnings per share (EPS) at $1.33, surpassing the estimated $1.31. Net sales for the quarter were $777 million, also exceeding the expectations of $765.355 million.
November 16, 2023 | 9:07 pm
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Woodward Inc. exceeded Q4 earnings and sales estimates, which could lead to positive investor sentiment and a potential increase in its stock price in the short term.
Companies that report earnings and sales above analyst expectations typically see a positive reaction in their stock price shortly after the announcement. Woodward's better-than-expected Q4 results are likely to boost investor confidence and could lead to a short-term increase in its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100