The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Curtiss-Wright met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share grew. GAAP earnings per share contracted slightly.
Margins contracted across the board.
Curtiss-Wright reported revenue of $590.4 million. The four analysts polled by S&P Capital IQ foresaw a top line of $592.8 million on the same basis. GAAP reported sales were 5.2% higher than the prior-year quarter's $561.4 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 $0.95. The four earnings estimates compiled by S&P Capital IQ predicted $0.95 per share. Non-GAAP EPS of $0.95 for Q4 were 13% higher than the prior-year quarter's $0.84 per share. GAAP EPS of $0.82 for Q4 were 2.4% lower than the prior-year quarter's $0.84 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 32.9%, 50 basis points worse than the prior-year quarter. Operating margin was 10.5%, 40 basis points worse than the prior-year quarter. Net margin was 6.5%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $585.0 million. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $2.44 billion. The average EPS estimate is $3.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 167 members out of 169 rating the stock outperform, and two members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 62 give Curtiss-Wright a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Curtiss-Wright is outperform, with an average price target of $36.75.
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