Sneak Preview of Curtiss-Wright Corporation (NYSE:CW) 2Q20 Earnings

Curtiss-Wright Corporation (NYSE:CW) is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.28 per share.

Looking ahead, the full year income are expected at $ 6.44 per share on the revenues of $ 2358.79 million.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 2,590.00 million ~ $ 2,630.00 million, where as bottomline are predicted in a range of $ 7.50 ~ $ 7.70 per share

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Previous Quarter Performance

Curtiss-Wright Corporation reported income for the first quarter of $ 1.34 per share, from the revenue of $ 601.23 million. The quarterly earnings swell 3.08 percent while revenues swell 3.96 percent compared with the same quarter last year.
Street analysts expected Curtiss-Wright Corporation to report income of $ 1.29 per share on revenue of $ 581.15 million for the first quarter. The bottom line results beat street analysts by $ 0.05 or 3.88 percent, at the same time, top line results outshined analysts by $ 20.08 million or 3.46 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of CW was $ 89.12, representing a 26.30 % increase from the 52 week low of $ 70.56 and a 40.55 % decrease over the 52 week high of $ 149.90.

The company has a market capital of $ 3.71 billion and is part of the Industrials sector and Diversified Industrials industry.

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Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.17 per share on May 13, 2020. The dividend were payable on July 6, 2020 to holders of record as of the close of business on June 19, 2020 and ex-dividend date on June 18, 2020.

Curtiss-Wright Corporation, together with its subsidiaries, designs, manufactures, and overhauls precision components, and engineered products and services primarily to the aerospace, defense, general industrial, and power generation markets worldwide. The company operates through three segments: Commercial/Industrial, Defense, and Power. The Commercial/Industrial segment offers industrial vehicle products, such as electronic throttle control devices, joysticks, and transmission shifters; sensors, controls and electro-mechanical actuation components, and utility systems used in commercial aircrafts; valves for use in the industrial and naval defense markets; and surface technology services, including shot peening, laser peening, coatings, and advanced testing.

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