Curtiss-Wright Corp (NYSE: CW) has reported earnings for its second fiscal quarter (ending June 30) of $2.60 versus $2.11 for the same period a year ago — an increase of 23%. This result exceeded the consensus estimate of $2.29 by $0.31. E.P.S. were $10.27 for the latest four quarters through June 30 versus $8.37 for the same period a year ago — an increase of 23%.
Recent Price Action
Curtiss-Wright Corp (NYSE: CW) stock declined slightly by -0.1% on 8/7/24. The stock closed at $268.15. Moreover, trading volume in this decline was above average at 135% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CW is expected to continue to be an important Value Builder.
Curtiss-Wright has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Curtiss-Wright has a poor Appreciation Score of 28 but a very high Power Rating of 89, with the High 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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