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StockNews.com
StockNews.com
Business
Subhasree Kar

Woodward (WWD) Pre-Earnings Insights: A Defense Stock to Watch?

Woodward, Inc. (WWD) is set to release its fiscal fourth-quarter 2023 results on November 16, 2023. Market expectations are high, with the revenue for the quarter ended September 2023 forecasted at $767.92 million, an impressive 20% surge compared to the same period last year. Furthermore, the earnings per share (EPS) consensus estimate will likely be $1.31, marking a year-over-year growth of 56.4%.

Pivotal to the company's success is its ability to leverage robust end-market demand across all business sectors. Reflecting positively on its financial health, during its third quarter report, Woodward projected a strong finish to the fiscal year while revising its full-year outlook upwards.

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