Woodward, Inc. (WWD) Misses Q1 EPS by 6c, Updates Outlook
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Woodward, Inc. (NASDAQ: WWD) reported Q1 EPS of $0.39, $0.06 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $408.3 million versus the consensus estimate of $435.27 million.
Outlook
"Overall economic uncertainty continues to impact the markets we serve. We still see market share growth in our Aerospace segment, while in our Energy segment, growth in natural gas is being offset by the significant decline in the wind turbine market," said Mr. Gendron. "Including our recent acquisition, we now anticipate that fiscal 2013 sales will be between $1.9 billion and $2.0 billion, and earnings per share will be between $2.22 and $2.42 per share, including approximately a $0.07 per share effect of the fiscal year 2012 retroactive impact of the U.S. research and experimentation credit for fiscal 2013 that will be recognized in the second fiscal quarter of this year."
(***Street sees EPS of $2.25 on $1.99 billion in revenue.)
For earnings history and earnings-related data on Woodward, Inc. (WWD) click here.
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Outlook
"Overall economic uncertainty continues to impact the markets we serve. We still see market share growth in our Aerospace segment, while in our Energy segment, growth in natural gas is being offset by the significant decline in the wind turbine market," said Mr. Gendron. "Including our recent acquisition, we now anticipate that fiscal 2013 sales will be between $1.9 billion and $2.0 billion, and earnings per share will be between $2.22 and $2.42 per share, including approximately a $0.07 per share effect of the fiscal year 2012 retroactive impact of the U.S. research and experimentation credit for fiscal 2013 that will be recognized in the second fiscal quarter of this year."
(***Street sees EPS of $2.25 on $1.99 billion in revenue.)
For earnings history and earnings-related data on Woodward, Inc. (WWD) click here.
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