Woodward jumps after upbeat Q4 results, FY25 forecast

Woodward

26/11/2024 13:55

** Shares of aerospace and industrial equipment co Woodward
 WWD.O  jumps 12.7% to $201.97 premarket
    ** WWD, on Monday, forecast FY25 sales of $3.30 bln-$3.50
bln, whose mid-point of $3.4 bln is slightly above est. of $3.38
bln as per data compiled by LSEG
    ** Sees FY25 EPS of $5.75-$6.25 vs. analysts' est. of
$5.87/shr
    ** Q4 rev. rose 10% to $855 mln from last year, beating
estimates of $811 mln
    ** Q4 adj EPS of $1.41 is above est. of $1.26, according
data compiled by LSEG
    ** Truist Securities raises PT to $226 from $187
    ** Defense OEM revs are inflecting higher on guided
munitions demand while commercial aero OEM growth benefits from
improving Boeing production but is offset but tougher comps in
commercial aero aftermarket - brokerage
    ** 5 of 13 brokerages rate stock "buy" or higher, 8 "hold";
median PT is $176 - LSEG data
    ** As of last close, stock up 31.7% YTD

 (Reporting by Sukriti Gupta in Bengaluru)
 ((Sukriti.Gupta@thomsonreuters.com;))