Woodward: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Woodward (NASDAQ:WWD) reported Q1 earnings with an EPS of $1.45, surpassing the estimate of $1.1 by 31.82%. Revenue increased by $168.11 million compared to the same period last year. Despite beating earnings this quarter, Woodward's share price dropped 2.07% the day after last quarter's earnings miss. Historical data shows mixed past performance in earnings.
January 29, 2024 | 9:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Woodward reported strong Q1 earnings, beating EPS estimates by 31.82% and showing significant revenue growth from the previous year.
Woodward's positive earnings report, with a substantial beat on EPS estimates and year-over-year revenue growth, is likely to instill confidence in investors. Historically, earnings beats tend to lead to positive short-term stock price movements. However, the previous quarter's post-earnings share price drop suggests some caution is warranted.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100