Aerospace and defense company BWX (NYSE: BWXT) will be reporting results this Monday after the bell. Here’s what to expect.
BWX beat analysts’ revenue expectations by 7.2% last quarter, reporting revenues of $764 million, up 12.1% year on year. It was a stunning quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is BWX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting BWX’s revenue to grow 18.1% year on year to $793.5 million, improving from the 13.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.86 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. BWX has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.5% on average.
Looking at BWX’s peers in the defense contractors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RTX delivered year-on-year revenue growth of 11.9%, beating analysts’ expectations by 5.4%, and General Dynamics reported revenues up 10.6%, topping estimates by 3.1%. RTX traded up 10.8% following the results while General Dynamics was also up 3.5%.
Read our full analysis of RTX’s results here and General Dynamics’s results here.
Investors in the defense contractors segment have had steady hands going into earnings, with share prices flat over the last month. BWX is up 15.2% during the same time and is heading into earnings with an average analyst price target of $203.30 (compared to the current share price of $214.99).
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