Woodward Q2 2024 Adj EPS $1.62 Beats $1.32 Estimate, Sales $835.343M Beat $807.002M Estimate
Portfolio Pulse from Benzinga Newsdesk
Woodward (NASDAQ:WWD) reported Q2 2024 adjusted EPS of $1.62, surpassing the $1.32 estimate, and sales of $835.343M, exceeding the $807.002M forecast. This represents a 60.4% increase in EPS and a 16.31% rise in sales from the same period last year.
April 29, 2024 | 8:09 pm
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POSITIVE IMPACT
Woodward's Q2 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year growth in both metrics.
Beating both EPS and sales estimates by a notable margin, especially with such a significant year-over-year growth, is likely to instill investor confidence and could lead to a positive short-term price movement for WWD.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100