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Hexcel (HXL) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2024, Hexcel (HXL - Free Report) reported revenue of $472.3 million, up 3.2% over the same period last year. EPS came in at $0.44, compared to $0.50 in the year-ago quarter.
The reported revenue represents a surprise of -0.56% over the Zacks Consensus Estimate of $474.94 million. With the consensus EPS estimate being $0.44, the company has not delivered EPS surprise.
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 Hexcel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Commercial Aerospace- Composite Materials: $251.50 million versus $258.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
Net Sales- Space & Defense- Composite Materials: $94.70 million compared to the $89.40 million average estimate based on three analysts. The reported number represents a change of +6.6% year over year.
Net Sales- Industrial- Composite Materials: $33.30 million versus $45.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.9% change.
Net Sales- Commercial Aerospace- Engineered Products: $47.80 million versus the three-analyst average estimate of $46.70 million. The reported number represents a year-over-year change of +15.7%.
Net Sales- Space & Defense- Engineered Products: $44.40 million compared to the $42.27 million average estimate based on three analysts. The reported number represents a change of +18.7% year over year.
Net sales- Engineered products: $93.10 million compared to the $88.71 million average estimate based on three analysts. The reported number represents a change of +17.1% year over year.
Net Sales- Commercial Aerospace- Total: $299.30 million versus the three-analyst average estimate of $298.32 million. The reported number represents a year-over-year change of +5.2%.
Net Sales- Industrial: $33.90 million versus the three-analyst average estimate of $42.43 million. The reported number represents a year-over-year change of -27.9%.
Net Sales- Space & Defense: $139.10 million versus the three-analyst average estimate of $132.05 million. The reported number represents a year-over-year change of +10.2%.
Net sales- Composite Materials: $402.80 million versus the three-analyst average estimate of $393.31 million. The reported number represents a year-over-year change of +6.5%.
Net Sales- Industrial- Engineered Products: $0.60 million versus the three-analyst average estimate of -$0.26 million. The reported number represents a year-over-year change of -25%.
Operating income- Composite Materials: $63.70 million versus $42.16 million estimated by three analysts on average.
Shares of Hexcel have returned -14.4% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Hexcel (HXL) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, Hexcel (HXL - Free Report) reported revenue of $472.3 million, up 3.2% over the same period last year. EPS came in at $0.44, compared to $0.50 in the year-ago quarter.
The reported revenue represents a surprise of -0.56% over the Zacks Consensus Estimate of $474.94 million. With the consensus EPS estimate being $0.44, the company has not delivered EPS surprise.
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 Hexcel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Commercial Aerospace- Composite Materials: $251.50 million versus $258.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.4% change.
- Net Sales- Space & Defense- Composite Materials: $94.70 million compared to the $89.40 million average estimate based on three analysts. The reported number represents a change of +6.6% year over year.
- Net Sales- Industrial- Composite Materials: $33.30 million versus $45.03 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.9% change.
- Net Sales- Commercial Aerospace- Engineered Products: $47.80 million versus the three-analyst average estimate of $46.70 million. The reported number represents a year-over-year change of +15.7%.
- Net Sales- Space & Defense- Engineered Products: $44.40 million compared to the $42.27 million average estimate based on three analysts. The reported number represents a change of +18.7% year over year.
- Net sales- Engineered products: $93.10 million compared to the $88.71 million average estimate based on three analysts. The reported number represents a change of +17.1% year over year.
- Net Sales- Commercial Aerospace- Total: $299.30 million versus the three-analyst average estimate of $298.32 million. The reported number represents a year-over-year change of +5.2%.
- Net Sales- Industrial: $33.90 million versus the three-analyst average estimate of $42.43 million. The reported number represents a year-over-year change of -27.9%.
- Net Sales- Space & Defense: $139.10 million versus the three-analyst average estimate of $132.05 million. The reported number represents a year-over-year change of +10.2%.
- Net sales- Composite Materials: $402.80 million versus the three-analyst average estimate of $393.31 million. The reported number represents a year-over-year change of +6.5%.
- Net Sales- Industrial- Engineered Products: $0.60 million versus the three-analyst average estimate of -$0.26 million. The reported number represents a year-over-year change of -25%.
- Operating income- Composite Materials: $63.70 million versus $42.16 million estimated by three analysts on average.
View all Key Company Metrics for Hexcel here>>>Shares of Hexcel have returned -14.4% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.