Woodward Q3 adjusted EPS beats estimates, raises FY profit view
WWD•Q3 results beat estimates
Woodward said fiscal third-quarter revenue grew 21% to $1.10 billion, meeting analyst expectations, while adjusted earnings per share rose 43% to $2.52, beating the $2.50 consensus estimate.
The company reported fiscal third-quarter adjusted net income of $154 million and net income of $147 million.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy", with 11 "strong buy" or "buy" ratings, 2 "hold" ratings and no "sell" or "strong sell" ratings.
The median 12-month price target for Woodward Inc is $450.00, about 9.6% above its July 28 closing price of $410.55. The stock recently traded at 39 times the next 12-month earnings, versus three months ago.
