Point stew out (4)
I believe the answer is:
west
'point' is the definition.
(I know that west is a type of cardinal compass point)
'stew out' is the wordplay.
'out' indicates an anagram (out can mean wrong or inaccurate).
'stew' anagrammed gives 'WEST'.
(Other definitions for west that I've seen before include "The cardinal compass point of 270 degrees" , "Mae -, US actress; W" , "Small white dog" , "'Go ___ , young man'" , "One Direction" .)