Curtiss-Wright Corp. Set to Deliver Strong Earnings Performance as Positive Sentiments Rise
August 15, 2023
☀️Introduction:
Investors and market observers are eagerly awaiting the highly anticipated Q2 earnings results of Curtiss-Wright Corp., which is scheduled to be announced on August 3, 2023, at 10:00 AM EST. With a history of consistent growth and positive market sentiment, this article delves into the various aspects to provide an in-depth analysis of what we can expect from the upcoming earnings call.
Fundamental Analysis:
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q2 | 2023-06-30 | 81.0 | 704.4 | 2.10 | million USD |
| Q1 | 2023-03-31 | 56.8 | 630.9 | 1.48 | million USD |
| Q4 | 2022-12-31 | 109.0 | 757.7 | 2.82 | million USD |
| Q3 | 2022-09-30 | 73.8 | 630.5 | 1.91 | million USD |
| Q2 | 2022-06-30 | 70.9 | 609.4 | 1.83 | million USD |
Curtiss-Wright Corp. has demonstrated impressive financials over the past year, with consistent net income and solid revenue figures. In Q2 2023, the company reported a net income of $81.0 million and total revenue of $704.4 million. These figures are promising and indicate a continued upward trajectory for the company. With several successful quarters in the past, Curtiss-Wright Corp. has shown its ability to deliver strong results consistently.
Technical Analysis:
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-08-11 | 204.1 | 207.3 | 2.4 | 1.2 |
| 5D | 2023-08-07 | 204.1 | 209.0 | -0.4 | -0.2 |
| 1M | 2023-07-13 | 185.5 | 209.0 | 18.9 | 10.0 |
| 3M | 2023-05-15 | 157.9 | 209.0 | 42.4 | 25.7 |
Looking at Curtiss-Wright Corp.‘s recent price performance, we see a positive trend with consistent growth over the past three months. The stock price has experienced an impressive 25.7% increase in the last three months, reaching a high of $209.0. This trend indicates that investors have confidence in the company’s future prospects and are optimistic about the upcoming earnings announcement.
Historical Guidance:
Analyzing the historical guidance provided by Curtiss-Wright Corp., we observe that the company has been able to meet or exceed market expectations consistently. The company’s diluted EPS in the past four quarters has shown steady growth, with Q2 2023 reporting an EPS of $2.10 million USD. This consistent performance gives investors confidence in the accuracy of the company’s guidance and underscores their ability to provide reliable estimates.
Analyst Estimates:
Considering MorningStar consensus estimates history, analyst expectations for the current quarter are an adjusted EPS of $0.17 million USD. This figure has remained unchanged over the past month, reflecting stability in the analyst community’s projections. While it is important to note that these estimates are subject to change, the consistency in the forecast indicates confidence among analysts that Curtiss-Wright Corp. will continue to deliver strong financial results.
Overall Outlook:
With promising fundamental and technical indicators, historical guidance demonstrating consistent growth, and positive market sentiment, Curtiss-Wright Corp. appears to be well-positioned for a successful Q2 earnings report. The recent price performance, showcasing a gradual upward trajectory, suggests that investors have faith in the company’s ability to excel in current market conditions.
Conclusion:
As we eagerly await Curtiss-Wright Corp.‘s Q2 earnings call, the data suggests that the company is poised for another robust performance. The fundamental analysis showcases strong financials and consistent growth in net income and total revenue. The technical analysis reveals positive market sentiment as the stock price continues to rise steadily. Moreover, historical guidance and analyst estimates provide further confidence in the company’s ability to meet or exceed expectations.
Investors and stakeholders can look forward to tuning in to the upcoming earnings call on August 3, 2023, at 10:00 AM EST, to gain valuable insights into Curtiss-Wright Corp.‘s current performance and future prospects. This crucial event allows investors to make informed decisions based on reliable data and expert analysis.
As the positive sentiment surrounding Curtiss-Wright Corp. grows, it is evident that this earnings call presents an excellent opportunity for investors to gain a deeper understanding of the company’s direction and future potential.
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