Results: Curtiss-Wright Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

As you might know, Curtiss-Wright Corporation (NYSE:CW) just kicked off its latest quarterly results with some very strong numbers. Results were good overall, with revenues beating analyst predictions by 5.4% to hit US$799m. Statutory earnings per share (EPS) came in at US$2.89, some 7.6% above whatthe analysts had expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Curtiss-Wright

After the latest results, the seven analysts covering Curtiss-Wright are now predicting revenues of US$3.25b in 2025. If met, this would reflect a modest 5.4% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 8.5% to US$11.64. In the lead-up to this report, the analysts had been modelling revenues of US$3.23b and earnings per share (EPS) of US$11.27 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

The consensus price target was unchanged at US$361, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Curtiss-Wright, with the most bullish analyst valuing it at US$432 and the most bearish at US$305 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 4.3% growth on an annualised basis. That is in line with its 4.5% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 4.0% annually. 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 biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Curtiss-Wright's earnings potential next year. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Curtiss-Wright. Long-term earnings power is much more important than next year's profits. We have forecasts for Curtiss-Wright going out to 2026, and you can see them free on our platform here.

It might also be worth considering whether Curtiss-Wright's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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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.