Aerospace Q4 Earnings: Astronics (NASDAQ:ATRO) Simply the Best
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.