Recap: Woodward Q4 Earnings
Portfolio Pulse from Benzinga Insights
Woodward (NASDAQ:WWD) reported Q4 earnings with an EPS of $0.84, missing the estimate of $1.31 by 35.88%. Despite the miss, revenue increased by $137.04 million compared to the same period last year. In the previous quarter, Woodward beat the EPS estimate which resulted in a 9.54% share price increase the following day. The company's past earnings performance shows variability in beating EPS estimates.
November 16, 2023 | 9:15 pm
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Woodward reported a significant miss in Q4 earnings with an EPS of $0.84 against an estimate of $1.31, but showed an increase in year-over-year revenue.
The earnings miss is substantial and is likely to negatively impact investor sentiment in the short term, as seen historically with stock price movements post-earnings reports. However, the increase in revenue may provide some cushion to the negative impact.
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