Woodward Raises FY24 Adj. EPS From $5.00-$5.40 To $5.70-$6.00 Vs $5.36 Est.; Revenue Fro, $3.150B-$3.300B To $3.250B-$3.350B Vs $3.243B Est.
Portfolio Pulse from Benzinga Newsdesk
Woodward, Inc. (WWD) has increased its FY24 adjusted EPS guidance from $5.00-$5.40 to $5.70-$6.00, surpassing the $5.36 estimate. Additionally, revenue guidance was raised from $3.150B-$3.300B to $3.250B-$3.350B, slightly above the $3.243B estimate.
April 29, 2024 | 8:36 pm
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Woodward, Inc. has raised its FY24 earnings and revenue forecasts above analyst expectations, indicating a positive outlook for the company's financial performance.
Raising both earnings and revenue forecasts above analyst expectations typically signals confidence in the company's future performance and operational efficiency. This positive adjustment is likely to be well-received by investors, potentially leading to an increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100