Woodward Inc (NASDAQ: WWD) has reported earnings for its fourth fiscal quarter (ending September 30) of $1.38 versus $0.90 for the same period a year ago — an increase of 53%. This result exceeded the consensus estimate of $1.31 by $0.07. For the latest four quarters through September 30, E.P.S. were $3.88 versus $2.79 for the same period a year ago — an increase of 39%.
Recent Price Action
Woodward Inc (NASDAQ: WWD) stock declined modestly by -0.8% on 11/16/23. The stock closed at $133.52. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, WWD is expected to continue to be an important Value Builder.
Woodward has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Woodward has a very low Appreciation Score of 15 but a very high Power Rating of 98, with the Neutral Value Trend Rating the result.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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