Curtiss-Wright Corporation is set to unveil its latest quarterly earnings report on February 14, 2024. With this impending announcement, here are some crucial points for investors to consider:
Earnings Per Share (EPS) Estimate: Analysts have projected an EPS of $2.92 for Curtiss-Wright in the current quarter.
Investor Expectations: Investors who hold a bullish outlook on Curtiss-Wright will be eagerly anticipating the company to surpass the EPS estimate and provide a positive outlook for future growth.
The Significance of Guidance: It’s important for new investors to recognize that a company’s guidance for future performance can have a substantial impact on stock price movements, often outweighing whether the company beats or misses earnings estimates.
Previous Earnings Performance:
Last Quarter: Curtiss-Wright exceeded the EPS estimate by $0.16 in the previous quarter, resulting in a 1.94% increase in the stock price the following day.
Historical Earnings and Price Changes:
Quarter EPS Estimate EPS Actual Price Change %
Q3 2023 2.38 2.54 1.94%
Q2 2023 1.96 2.15 4.76%
Q1 2023 1.39 1.53 -4.6%
Q4 2022 2.91 2.92 3.64%
Stock Performance:
Current Trading Price: As of February 12, Curtiss-Wright’s shares were trading at $228.64.
52-Week Performance: Over the past year, the stock has witnessed a 31.36% increase, indicating a positive trend for long-term shareholders.
Investors interested in keeping track of Curtiss-Wright’s earnings releases can access the information on the company’s earnings calendar through financial news and data websites.
Strong Performance of CW Stock on February 13, 2024 Indicates Positive Market Sentiment and Growth Potential
CW stock exhibited a strong performance on February 13, 2024. The price of CW shares increased by $0.09 since the market last closed, representing a rise of 0.04%. CW stock opened at $226.70, which was $1.94 lower than its previous close, but quickly recovered and showed an overall increase in price. Trading near the top of its 52-week range and being above its 200-day simple moving average indicate positive market sentiment and potential for further growth.
CW Stock Performance on February 13, 2024: Revenue Holds Steady, Net Income and EPS Show Growth
CW Stock Performance on February 13, 2024: Revenue Holds Steady, Net Income and EPS Show Growth
CW stock displayed a stable performance on February 13, 2024, with its total revenue remaining flat compared to the previous year and the previous quarter. Despite the lack of revenue growth, the company achieved positive results in terms of net income and earnings per share (EPS).
CW reported a total revenue of $2.56 billion over the past year, which remained unchanged from the previous year’s figure. Similarly, the company’s total revenue for the third quarter of 2023 stood at $724.33 million, showing no growth compared to the previous quarter.
However, CW showcased growth in its net income. Over the past year, the company recorded a net income of $294.35 million, marking a 10.18% increase from the previous year. In the third quarter of 2023, CW’s net income reached $96.78 million, reflecting an even higher growth rate of 19.48% compared to the previous quarter.
The positive trend continued with CW’s earnings per share (EPS). The company’s EPS for the past year amounted to $7.62, representing a 15.74% increase from the previous year. In the third quarter of 2023, CW’s EPS stood at $2.51, exhibiting a growth rate of 19.47% compared to the previous quarter.
These figures suggest that CW improved its profitability despite stagnant total revenue. The growth in net income and EPS may be attributed to effective cost management strategies or increased demand for the company’s products or services.
Investors may find CW’s performance on February 13, 2024, encouraging, as the company delivered positive results in terms of net income and EPS growth. However, it is essential to consider other factors, such as market conditions and industry trends, before making any investment decisions.
Overall, CW’s stock performance on February 13, 2024, demonstrated stability in revenue but growth in net income and EPS. Investors should closely monitor future financial reports to gauge the company’s ability to sustain and further improve its profitability.
