Hexcel’s upcoming earnings report shows promising growth, with analysts predicting a solid performance in key metrics for Q4.
City: Stamford: So, Hexcel is gearing up to release its earnings report soon. Analysts are expecting them to post earnings of about $0.51 per share, which is an 18.6% jump from last year. They’re also looking at revenues around $475.43 million, a 3.9% increase.
However, it’s worth noting that the consensus EPS estimate has been revised down by 11.5% in the last month. This shows that analysts have been adjusting their expectations based on new information.
Before a company shares its earnings, it’s crucial to consider any changes in projections. These revisions can really help predict how investors might react to the stock. Studies have shown a strong connection between earnings estimate trends and short-term stock performance.
Investors usually look at consensus earnings and revenue estimates to gauge how a company is doing. But digging into the key metrics that analysts focus on can give a clearer picture.
Let’s break down what analysts are estimating for Hexcel. They think ‘Net Sales- Commercial Aerospace- Composite Materials’ will hit around $239.32 million, which is a 5.1% increase from last year.
For ‘Net Sales- Space & Defense- Composite Materials,’ the estimate is about $119.80 million, showing a 6.5% year-over-year growth.
On the other hand, ‘Net Sales- Industrial- Composite Materials’ is expected to be around $35.33 million, which is a 3.7% decline.
Analysts also predict that ‘Net Sales- Commercial Aerospace- Engineered Products’ will reach $40.65 million, marking a 2.4% increase.
For ‘Net Sales- Space & Defense- Engineered Products,’ the estimate stands at $46.16 million, reflecting a solid 16% growth.
They forecast ‘Net Sales- Engineered Products’ to be about $87.65 million, which is a 7.9% increase from last year.
When it comes to ‘Net Sales- Commercial Aerospace- Total,’ analysts expect it to be around $277.23 million, a 3.6% rise from the previous year.
For ‘Net Sales- Industrial- Total,’ the estimate is about $34.97 million, showing a 7.2% decline.
As for ‘Net Sales- Space & Defense- Total,’ they predict it will reach $160.53 million, a 5.4% increase from last year.
Overall, analysts believe ‘Net Sales- Composite Materials’ will come in at $394.45 million, which is a slight 0.2% increase.
They also estimate ‘Operating income- Composite Materials’ to be around $61.66 million, up from $56.80 million last year.
For ‘Operating income- Engineered Products,’ the average prediction is $12.96 million, compared to $7.80 million in the same quarter last year.
In the past month, Hexcel shares have gone up by 9.4%, while the S&P 500 has dropped by 3.3%. With a Zacks Rank of #3 (Hold), it looks like HXL will perform in line with the market soon.
