As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at aerospace stocks, starting with Astronics (NASDAQ: ATRO).
Aerospace companies often possess technical expertise and have made significant capital investments to produce complex products. It is an industry where innovation is important, and lately, emissions and automation are in focus, so companies that boast advances in these areas can take market share. On the other hand, demand for aerospace products can ebb and flow with economic cycles and geopolitical tensions, which can be particularly painful for companies with high fixed costs.
The 15 aerospace stocks we track reported a mixed Q4. As a group, revenues along with next quarter’s revenue guidance were in line with analysts’ consensus estimates.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.9% since the latest earnings results.
Best Q4: Astronics (NASDAQ: ATRO)
Integrating power outlets into many Boeing aircraft, Astronics (NASDAQ: ATRO) is a provider of technologies and services to the global aerospace, defense, and electronics industries.
Astronics reported revenues of $208.5 million, up 6.8% year on year. This print exceeded analysts’ expectations by 7%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Astronics pulled off the biggest analyst estimates beat of the whole group. The stock is up 13.7% since reporting and currently trades at $22.72.
Is now the time to buy Astronics? Access our full analysis of the earnings results here, it’s free.
Moog (NYSE: MOG.A)
Responsible for the flight control actuation system integrated in the B-2 stealth bomber, Moog (NYSE: MOG.A) provides precision motion control solutions used in aerospace and defense applications
Moog reported revenues of $910.3 million, up 6.2% year on year, outperforming analysts’ expectations by 5.3%. The business had a satisfactory quarter with an impressive beat of analysts’ adjusted operating income estimates but a significant miss of analysts’ EBITDA estimates.
The stock is down 19.5% since reporting. It currently trades at $168.98.
Is now the time to buy Moog? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Boeing (NYSE: BA)
One of the companies that forms a duopoly in the commercial aircraft market, Boeing (NYSE: BA) develops, manufactures, and services commercial airplanes, defense products, and space systems.
Boeing reported revenues of $15.24 billion, down 30.8% year on year, falling short of analysts’ expectations by 6.4%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income estimates.
Boeing delivered the slowest revenue growth in the group. As expected, the stock is down 11.4% since the results and currently trades at $155.35.
Read our full analysis of Boeing’s results here.
TransDigm (NYSE: TDG)
Supplying parts for nearly all aircraft currently in service, TransDigm (NYSE: TDG) develops and manufactures components and systems for military and commercial aviation.
TransDigm reported revenues of $2.01 billion, up 12.1% year on year. This print missed analysts’ expectations by 1.5%. Overall, it was a slower quarter as it also produced a slight miss of analysts’ organic revenue estimates.
The stock is down 4% since reporting and currently trades at $1,300.
Read our full, actionable report on TransDigm here, it’s free.
HEICO (NYSE: HEI)
Founded in 1957, HEICO (NYSE: HEI) manufactures and services aerospace and electronic components for commercial aviation, defense, space, and other industries.
HEICO reported revenues of $1.03 billion, up 14.9% year on year. This number surpassed analysts’ expectations by 5.4%. Overall, it was an incredible quarter as it also put up a solid beat of analysts’ organic revenue estimates and an impressive beat of analysts’ EPS estimates.
The stock is up 10.3% since reporting and currently trades at $251.28.
Read our full, actionable report on HEICO here, it’s free.
Market Update
In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.
Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
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