Hexcel Corp reports results for the quarter ended in September 30 - Earnings Summary

Hexcel

21/10/2024 23:12

* Hexcel Corp  HXL.N  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 38 cents.  The mean expectation of twenty analysts for the
quarter was for earnings of 46 cents per share. Wall Street
expected results to range from 39 cents to 54 cents per share.
    * Revenue rose 8.8% to $456.50 million from a year ago;
analysts
expected $455.64 million. 
    * Hexcel Corp's reported EPS for the quarter was 49 cents​.
    * The company reported quarterly net income of $39.8
million.
    * Hexcel Corp shares had risen by 1.4% this quarter and
lost 15.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.8%
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 6 "strong buy" or "buy," 12
"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
70.00 
This summary was machine generated from LSEG data October 21 at
10:11 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
 Sep. 30 2024      0.46           0.47           Beat
 Jun. 30 2024      0.56           0.60           Beat
 Mar. 31 2024      0.41           0.44           Beat
 Dec. 31 2023      0.49           0.43           Missed