Ducommun (DCO) Reports Q4: Everything You Need To Know Ahead Of Earnings

Aerospace and defense company Ducommun (NYSE:DCO) will be reporting earnings this Thursday before the bell. Here’s what to look for.

Ducommun met analysts’ revenue expectations last quarter, reporting revenues of $212.6 million, up 5.5% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.

This quarter, the market is expecting Ducommun’s revenue to grow 10.3% year on year, improving from the 2.6% increase it recorded in the same quarter last year.

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. Ducommun rarely misses Wall Street’s revenue estimates.

Looking at Ducommun’s peers in the aerospace segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Woodward delivered year-on-year revenue growth of 29%, beating analysts’ expectations by 11.9%, and Boeing reported revenues up 57.1%, topping estimates by 6.9%. Woodward traded up 13.4% following the results while Boeing was down 2.8%.

There has been positive sentiment among investors in the aerospace segment, with share prices up 5.7% on average over the last month. Ducommun is up 13.9% during the same time and is heading into earnings with an average analyst price target of $130 (compared to the current share price of $125.85).

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