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Spirit Aerosystems (SPR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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Spirit Aerosystems (SPR - Free Report) reported $1.36 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 8.5%. EPS of -$1.46 for the same period compares to -$1.21 a year ago.
The reported revenue represents a surprise of +7.44% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being -$0.79, the EPS surprise was -84.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Spirit Aerosystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Commercial: $1.08 billion compared to the $990.26 million average estimate based on three analysts.
Revenue- Aftermarket: $92.10 million versus the three-analyst average estimate of $96.07 million.
Revenue- Defense & Space: $189.60 million versus the three-analyst average estimate of $169.52 million.
Segment Operating Income- Commercial: -$72.90 million versus the three-analyst average estimate of $40.80 million.
Segment Operating Income- Aftermarket: $24.30 million versus $19.87 million estimated by three analysts on average.
Segment Operating Income- Defense & Space: $12 million versus $19.33 million estimated by three analysts on average.
Shares of Spirit Aerosystems have returned +5.7% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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Spirit Aerosystems (SPR) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Spirit Aerosystems (SPR - Free Report) reported $1.36 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 8.5%. EPS of -$1.46 for the same period compares to -$1.21 a year ago.
The reported revenue represents a surprise of +7.44% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being -$0.79, the EPS surprise was -84.81%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Spirit Aerosystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Commercial: $1.08 billion compared to the $990.26 million average estimate based on three analysts.
- Revenue- Aftermarket: $92.10 million versus the three-analyst average estimate of $96.07 million.
- Revenue- Defense & Space: $189.60 million versus the three-analyst average estimate of $169.52 million.
- Segment Operating Income- Commercial: -$72.90 million versus the three-analyst average estimate of $40.80 million.
- Segment Operating Income- Aftermarket: $24.30 million versus $19.87 million estimated by three analysts on average.
- Segment Operating Income- Defense & Space: $12 million versus $19.33 million estimated by three analysts on average.
View all Key Company Metrics for Spirit Aerosystems here>>>Shares of Spirit Aerosystems have returned +5.7% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.