How Will Woodward Stock React To Its Upcoming Earnings?
Woodward (NASDAQ:WWD) is set to report its earnings on Thursday, November 13, 2025. The company has $16 Bil in current market capitalization. Revenue over the last twelve months was $3.4 Bil, and it was operationally profitable with $423 Mil in operating profits and net income of $388 Mil. While a lot will depend on how results stack up against consensus and expectations, understanding historical patterns might just turn the odds in your favor if you are an event-driven trader.
There are two ways to do that: understand the historical odds and position yourself prior to the earnings release, or look at the correlation between immediate and medium-term returns post earnings and position yourself accordingly after the earnings are released.
See earnings reaction history of all stocks
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Woodward’s Historical Odds Of Positive Post-Earnings Return
Some observations on one-day (1D) post-earnings returns:
- There are 20 earnings data points recorded over the last five years, with 8 positive and 12 negative one-day (1D) returns observed. In summary, positive 1D returns were seen about 40% of the time.
- Notably, this percentage increases to 50% if we consider data for the last 3 years instead of 5.
- Median of the 8 positive returns = 3.5%, and median of the 12 negative returns = -1.9%
Additional data for observed 5-Day (5D) and 21-Day (21D) returns post earnings are summarized along with the statistics in the table below.
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2025 | 1.4% | 0.5% | -2.3% |
| 4/28/2025 | 1.9% | 8.0% | 19.4% |
| 2/3/2025 | -1.8% | 2.8% | -2.5% |
| 11/25/2024 | 4.5% | 1.0% | -4.2% |
| 7/29/2024 | -17.2% | -16.6% | -9.2% |
| 4/29/2024 | 7.5% | 14.6% | 21.2% |
| 1/29/2024 | -0.9% | -4.7% | -1.3% |
| 11/16/2023 | -1.9% | -0.2% | 1.9% |
| 7/31/2023 | 9.5% | 5.9% | 7.1% |
| 5/1/2023 | 15.4% | 10.2% | 7.1% |
| 1/30/2023 | -6.5% | -5.9% | -8.3% |
| 11/17/2022 | -0.5% | 0.7% | -7.5% |
| 8/1/2022 | -11.0% | -6.5% | -10.2% |
| 5/2/2022 | -7.0% | -10.4% | -7.4% |
| 1/31/2022 | -0.7% | 1.7% | 12.8% |
| 11/18/2021 | -0.2% | -5.6% | -10.2% |
| 8/2/2021 | -7.2% | -8.3% | -0.6% |
| 5/3/2021 | 2.0% | 2.8% | 1.9% |
| 2/1/2021 | 2.5% | 1.3% | 1.2% |
| 11/19/2020 | -1.3% | 3.9% | 7.2% |
| SUMMARY STATS | |||
| # Positive | 8 | 12 | 9 |
| # Negative | 12 | 8 | 11 |
| Median Positive | 3.5% | 2.8% | 7.1% |
| Median Negative | -1.9% | -6.2% | -7.4% |
| Max Positive | 15.4% | 14.6% | 21.2% |
| Max Negative | -17.2% | -16.6% | -10.2% |
Correlation Between 1D, 5D and 21D Historical Returns
A relatively less risky strategy (though not useful if the correlation is low) is to understand the correlation between short-term and medium-term returns post earnings, find a pair that has the highest correlation, and execute the appropriate trade. For example, if 1D and 5D show the highest correlation, a trader can position themselves “long” for the next 5 days if the 1D post-earnings return is positive. Here is some correlation data based on a 5-year and a 3-year (more recent) history. Note that the correlation 1D_5D refers to the correlation between 1D post-earnings returns and subsequent 5D returns.
| History | 1D_5D Returns | 1D_21D Returns | 5D_21D Returns |
|---|---|---|---|
| 5Y History | -19.9% | -21.6% | 13.2% |
| 3Y History | -20.2% | -21.5% | 17.5% |
Is There Any Correlation With Peer Earnings?
Sometimes, peer performance can have an influence on post-earnings stock reaction. In fact, the pricing-in might begin before the earnings are announced. Here is some historical data on the past post-earnings performance of Woodward stock compared with the stock performance of peers that reported earnings just before Woodward. For fair comparison, peer stock returns also represent post-earnings one-day (1D) returns.
| 1D Return | Peer Post-Earnings 1D Return | |||||
|---|---|---|---|---|---|---|
| WWD Earnings Dates | WWD | HON | PH | JCI | CNP | ITT |
| 7/28/2025 | 1.4% | 0.3% | N/A* | N/A* | -1.4% | N/A* |
| 2/3/2025 | -1.8% | N/A* | -1.2% | N/A* | N/A* | N/A* |
| 11/25/2024 | 4.5% | N/A* | 11.4% | 2.3% | 9.9% | 9.3% |
| 7/29/2024 | -17.2% | -6.1% | N/A* | 0.3% | N/A* | N/A* |
| 4/29/2024 | 7.5% | 0.4% | N/A* | N/A* | N/A* | N/A* |
| 11/16/2023 | -1.9% | N/A* | 5.8% | N/A* | 0.9% | 8.1% |
| 7/31/2023 | 9.5% | -1.2% | N/A* | N/A* | -0.9% | N/A* |
| 5/1/2023 | 15.4% | 0.9% | N/A* | N/A* | N/A* | N/A* |
| 11/17/2022 | -0.5% | 10.2% | 7.2% | 8.9% | 3.6% | 15.4% |
| 8/1/2022 | -11.0% | 0.8% | N/A* | N/A* | N/A* | N/A* |
| 5/2/2022 | -7.0% | 1.7% | N/A* | N/A* | N/A* | N/A* |
| 11/18/2021 | -0.2% | 2.0% | 2.4% | 7.7% | 0.3% | 4.1% |
| 8/2/2021 | -7.2% | 1.4% | N/A* | -1.0% | N/A* | N/A* |
| 5/3/2021 | 2.0% | -0.6% | -0.8% | 2.5% | N/A* | N/A* |
| 2/1/2021 | 2.5% | 0.1% | N/A* | 2.2% | N/A* | N/A* |
| CORRELATION | -24.3% | -78.0% | 54.9% | -26.9% | -77.0% | |
* N/A indicates that the peer reported earnings after WWD
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