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

Hexcel

22/04/2024 22:43

* Hexcel Corp  HXL.N  reported quarterly adjusted earnings
of 44
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of 50
cents.  The mean expectation of twenty analysts for the quarter
was for earnings of 41 cents per share. Wall Street expected
results to range from 30 cents to 55 cents per share.
    * Revenue rose 3.2% to $472.30 million from a year ago;
analysts
expected $473.78 million. 
    * Hexcel Corp's reported EPS for the quarter was 43 cents​.
    * The company reported quarterly net income of $36.5
million.
    * Hexcel Corp shares had fallen by 15.3% this quarter and
lost 16.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.5%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 11
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "hold"

Wall Street's median 12-month price target for Hexcel Corp is
$76.00 
This summary was machine generated from LSEG data April 22 at
09:42 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
 Mar. 31 2024      0.41           0.44           Beat
 Dec. 31 2023      0.49           0.43           Missed
 Sep. 30 2023      0.43           0.38           Missed
 Jun. 30 2023      0.48           0.50           Beat