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Bwx Technologies Inc Up 11.67% To $99.64 After Earnings Beat

Wednesday, February 28, 2024 02:13 PM | InvestorsObserver Analysts

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Bwx Technologies Inc Up 11.67% To $99.64 After Earnings Beat

Wednesday, February 28, 2024 - Bwx Technologies Inc (BWXT) reported upside earnings and revenues today.

Bwx Technologies Inc's earnings came in at an EPS of $1.01 per share, 9.00% higher than estimates for an EPS of $0.93 per share. The firm's earnings are up 9% since reporting $0.93 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Analyst projections for Bwx Technologies Inc revenue came in at a consensus of $659.4 million. Fourth-Quarter revenues surpassed estimates for $725.5 million by $66.1 million (10%). The company achieved 16% growth year-over-year compared to the firm's revenue of $624.2 million from the year-ago quarter. The lower earnings growth relative to revenue signals Bwx Technologies Inc has not been able to improve its profit margin.

The stock is up 11.67% to $99.64 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Bwx Technologies Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 84, putting Bwx Technologies Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $90.57 on February 26, 2024 and set a 52-week low on May 31, 2023 at $60.17.

BWX Technologies Inc is a specialty manufacturer and service provider of nuclear components. Its core operations focus on designing and engineering naval nuclear components, reactors, and nuclear fuel for the United States government. Additionally, it provides uranium processing, environmental site restoration services, and other solutions in the nuclear power industry. Services may vary between operational, technical, environmental, or more generalized to help its customers make improvements. The company takes on major projects that need significant planning and resources for completion. Contracts may extend beyond one year, and provisions may be implemented to adequately represent costs.

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