Woodward Q1 Earnings Preview: 13.8% Revenue Growth Expected
Woodward anticipates 13.8% year-over-year revenue growth for Q1 with a $431 analyst price target.
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TL;DR
Woodward anticipates 13.8% Q1 revenue growth, building on last quarter’s 29% year-over-year increase that beat expectations.
Last quarter, Woodward generated $996.5 million in revenue, a 29% year-over-year increase that exceeded analyst forecasts. The company now projects Q1 revenue to rise 13.8% year-over-year, accelerating from the 5.8% growth recorded in the prior-year quarter.
The current analyst price target of $431 implies a 17.6% upside to the current share price of $366.48. Analysts covering Woodward have maintained their estimates over the past 30 days, indicating confidence in the company’s trajectory despite missed revenue targets in the past two years.
What to watch next is how Woodward’s guidance compares with peer results in aerospace and defense as the sector shows rising investor sentiment.
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