The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Woodward met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.
Margins grew across the board.
Woodward reported revenue of $528.7 million. The eight analysts polled by S&P Capital IQ expected sales of $531.8 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $489.3 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 $0.66. The nine earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.66 for Q4 were 10% higher than the prior-year quarter's $0.60 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 30.6%, 10 basis points better than the prior-year quarter. Operating margin was 13.7%, 20 basis points better than the prior-year quarter. Net margin was 8.7%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $446.7 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $2.00 billion. The average EPS estimate is $2.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 535 members out of 547 rating the stock outperform, and 12 members rating it underperform. Among 109 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Woodward a green thumbs-up, and two 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 $43.00.
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