Why Woodward Stock Is Falling Today
Industrial component manufacturer Woodward (NASDAQ: WWD) beat expectations for the quarter, but the company is cautious about what lies up ahead.
Investors are focused on the caution, sending shares of Woodward down 17% as of 11:30 Eastern.
Woodward is a manufacturer of energy conversion and control systems for the aerospace and industrial equipment industries. The company earned $1.63 per share in its fiscal third quarter (ending June 30), topping the $1.51-per-share consensus estimate. Revenue, however, came in about $5 million below expectations at $847.7 million.
Source Fool.com
Woodward Inc. Stock
€145.00
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Woodward Inc. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
As a result the target price of 177 € shows a positive potential of 22.07% compared to the current price of 145.0 € for Woodward Inc..
