Hexcel Corp reports results for the quarter ended in December - Earnings Summary

Hexcel

24/01/2024 23:34

* Hexcel Corp  HXL.N  reported quarterly adjusted earnings
of 43
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of twenty analysts for the quarter
was for earnings of 49 cents per share. Wall Street expected
results to range from 43 cents to 53 cents per share.
    * Revenue rose 6.5% to $457.50 million from a year ago;
analysts
expected $471.91 million. 
    * Hexcel Corp's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $18.2 million.
    * Hexcel Corp shares had fallen by 2.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 11
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for Hexcel Corp is
$80.00 
This summary was machine generated from LSEG data January 24 at
11:34 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.49           0.43           Missed
 Sep. 30 2023      0.43           0.38           Missed
 Jun. 30 2023      0.48           0.50           Beat
 Mar. 31 2023      0.38           0.50           Beat