Aerospace and defense company Redwire (NYSE:RDW) will be reporting earnings tomorrow afternoon. Here’s what you need to know.
Redwire missed analysts’ revenue expectations by 2.8% last quarter, reporting revenues of $68.64 million, up 9.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EBITDA and EPS estimates.
Is Redwire a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Redwire’s revenue to grow 17.4% year on year to $74.55 million, in line with the 18.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 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. Redwire has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 13.1% on average.
Looking at Redwire’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. HEICO delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 5.4%, and Curtiss-Wright reported revenues up 4.9%, topping estimates by 5.9%. HEICO traded up 13.8% following the results while Curtiss-Wright was down 1.2%.
Read our full analysis of HEICO’s results here and Curtiss-Wright’s results here.
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