Curtiss-Wright (CW) Q3 Earnings: What To Expect

Aerospace and defense company Curtiss-Wright (NYSE:CW) will be reporting earnings tomorrow after the bell. Here’s what to look for.

Curtiss-Wright beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $784.8 million, up 11.4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ EBITDA estimates.

Is Curtiss-Wright a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Curtiss-Wright’s revenue to grow 4.6% year on year to $757.7 million, slowing from the 14.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.69 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Curtiss-Wright has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5% on average.

Looking at Curtiss-Wright’s peers in the aerospace and defense segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hexcel delivered year-on-year revenue growth of 8.8%, missing analysts’ expectations by 1%, and Boeing reported a revenue decline of 1.5%, in line with consensus estimates. Hexcel traded up 1.2% following the results while Boeing was down 3%.

Read our full analysis of Hexcel’s results here and Boeing’s results here.

Investors in the aerospace and defense segment have had steady hands going into earnings, with share prices flat over the last month. Curtiss-Wright is up 6.4% during the same time and is heading into earnings with an average analyst price target of $354.26 (compared to the current share price of $349.58).

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