Woodward (Nasdaq: WWD ) reported earnings on Jan. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Woodward missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share contracted.
Margins contracted across the board.
Woodward reported revenue of $408.3 million. The eight analysts polled by S&P Capital IQ wanted to see a top line of $434.6 million on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $407.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.39. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.46 per share. GAAP EPS of $0.39 for Q1 were 2.5% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 120 basis points worse than the prior-year quarter. Operating margin was 11.0%, 20 basis points worse than the prior-year quarter. Net margin was 6.7%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $499.4 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $1.99 billion. The average EPS estimate is $2.24.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 538 members out of 549 rating the stock outperform, and 11 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Woodward a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Woodward is outperform, with an average price target of $40.86.
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