Q1 Earnings Highs and Lows: Woodward (WWD) vs. the Rest of the Aerospace Stocks

💡 Woodward's Q1 earnings outperform the aerospace sector, but its stock price lags behind.

The first quarter earnings season has come to a close, and the aerospace sector has delivered a mixed bag of results. While some companies have exceeded expectations, others have fallen short. In this article, we'll take a closer look at Woodward's (NASDAQ:WWD) Q1 earnings and compare them to the rest of the aerospace stocks.

Woodward's Strong Earnings

Woodward's Q1 earnings beat expectations, with the company reporting $0.64 in earnings per share (EPS) compared to analyst estimates of $0.58. Revenue also came in higher than expected, at $542.1 million against estimates of $529.4 million. The company's aerospace segment drove the growth, with sales increasing 10% year-over-year to $434.7 million.

Aerospace Sector Performance

While Woodward's earnings were a bright spot in the sector, other aerospace companies didn't fare as well. Boeing (NYSE:BA), for example, reported a loss of $1.21 per share, worse than the estimated loss of $1.16. Revenue also came in lower than expected, at $15.3 billion against estimates of $16.1 billion. Airbus (OTC: EADSY), on the other hand, reported a profit of $1.41 per share, beating estimates of $1.35.

Stock Price Performance

Despite Woodward's strong earnings, its stock price has underperformed the sector. The company's shares are down 5% year-to-date, while the $SPY is up 4% and the $XAR is up 7%. Boeing's stock price has also been impacted by the company's poor earnings, falling 10% in the past quarter.

What It Means for Investors