Curtiss-Wright Corporation (NYSE:CW) Analysts Are Pretty Bullish On The Stock After Recent Results

Explore Curtiss-Wright's Fair Values from the Community and select yours

A week ago, Curtiss-Wright Corporation (NYSE:CW) came out with a strong set of second-quarter numbers that could potentially lead to a re-rate of the stock. The company beat expectations with revenues of US$877m arriving 2.8% ahead of forecasts. Statutory earnings per share (EPS) were US$3.19, 3.3% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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Following the latest results, Curtiss-Wright's seven analysts are now forecasting revenues of US$3.43b in 2025. This would be a credible 3.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to rise 5.9% to US$12.69. Before this earnings report, the analysts had been forecasting revenues of US$3.41b and earnings per share (EPS) of US$12.56 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

View our latest analysis for Curtiss-Wright

The consensus price target rose 6.4% to US$520despite there being no meaningful change to earnings estimates. It could be that the analystsare reflecting the predictability of Curtiss-Wright's earnings by assigning a price premium. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Curtiss-Wright at US$572 per share, while the most bearish prices it at US$457. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Curtiss-Wright'shistorical trends, as the 7.4% annualised revenue growth to the end of 2025 is roughly in line with the 6.8% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 8.1% per year. So although Curtiss-Wright is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Curtiss-Wright going out to 2027, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for Curtiss-Wright that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.