Aerospace and defense company BWX (NYSE: BWXT) will be reporting earnings this Monday after the bell. Here’s what you need to know.
BWX beat analysts’ revenue expectations last quarter, reporting revenues of $885.8 million, up 18.7% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is BWX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting BWX’s revenue to grow 22.7% year on year, improving from the 13% increase it recorded in the same quarter last year.
The majority of analysts covering the company have 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.
Looking at BWX’s peers in the defense contractors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. General Dynamics delivered year-on-year revenue growth of 10.3%, beating analysts’ expectations by 5.9%, and RTX reported revenues up 8.7%, topping estimates by 2.7%. General Dynamics traded up 9.5% following the results while RTX was down 7.6%.
Read our full analysis of General Dynamics’s results here and RTX’s results here.
There has been positive sentiment among investors in the defense contractors segment, with share prices up 9.4% on average over the last month. BWX is up 1.1% during the same time and is heading into earnings with an average analyst price target of $234.55 (compared to the current share price of $218.25).
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