Astronics Eyes 13.7% Q4 Revenue Growth After Beating Q3 EBITDA and EPS
Astronics posted Q3 revenue of $211.4 million, up 3.8% year on year, beating analysts’ EBITDA and EPS estimates. Wall Street projects Q4 revenue growth of 13.7% versus 6.8% a year ago, while peers Woodward and Boeing delivered 29% and 57.1% revenue gains respectively.
1. Q3 Performance
Astronics delivered Q3 revenue of $211.4 million, representing a 3.8% year-on-year increase, and surpassed consensus on both EBITDA and EPS measures.
2. Q4 Revenue Outlook
Analysts forecast Q4 revenue growth of 13.7% year-on-year, more than doubling the 6.8% gain achieved in the same period last year.
3. Analyst Estimate Trends
Broker estimates for the upcoming quarter have held steady over the past 30 days, underscoring market confidence despite multiple revenue misses over the past two years.
4. Peer Comparisons & Sector Sentiment
Within aerospace, Woodward reported 29% revenue growth and Boeing 57.1%, driving average sector shares up 7.1% in the past month compared to Astronics’ 1.4% rise.