Curtiss-Wright Corporation (NYSE:CW) is set to announce third quarter earning results on Wednesday 28th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, CW to report 3Q20 income of $ 1.54 per share.
For the full year, analysts anticipate top line of $ 2384.74 million, while looking forward to income of $ 6.80 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,350.00 million ~ $ 2,400.00 million, where as bottomline are predicted in a range of $ 5.47 ~ $ 5.72 per share
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Previous Quarter Performance
Curtiss-Wright Corporation came out with income for the second quarter of $ 1.31 per share, from the revenue of $ 550.05 million. The quarterly earnings down 31.05 percent while revenues reduced 14.04 percent compared with the same quarter last year.
Street analysts expected Curtiss-Wright Corporation to report income of $ 1.28 per share on revenue of $ 542.32 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 2.34 percent, at the same time, top line results outshined analysts by $ 7.73 million or 1.43 percent.
Stock Performance
Shares of Curtiss-Wright Corporation traded low $ -3.46 or -3.80 percent on Tuesday, reaching $ 87.61 with volume of 205.00 thousand shares. Curtiss-Wright Corporation has traded high as $ 90.70 and has cracked $ 87.54 on the downward trend
According to the previous trading day, closing price of $ 87.61, representing a 29.07 % increase from the 52 week low of $ 70.56 and a 39.25 % decrease over the 52 week high of $ 149.90.
The company has a market capital of $ 3.64 billion and is part of the Industrials sector and Diversified Industrials industry.
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.
