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Spirit Aerosystems (SPR) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2024, Spirit Aerosystems (SPR - Free Report) reported revenue of $1.47 billion, up 2.2% over the same period last year. EPS came in at -$3.03, compared to -$1.42 in the year-ago quarter.
The reported revenue represents a surprise of -19.55% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was -1793.75%.
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:
Segment Revenues- Commercial: $1.14 billion versus $1.46 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
Segment Revenues- Aftermarket: $99.50 million versus $107.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
Segment Revenues- Defense & Space: $231.30 million versus $243.77 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
Segment Earnings (Loss) from Operations- Commercial: -$299.40 million versus the two-analyst average estimate of $81.52 million.
Segment Earnings (Loss) from Operations- Aftermarket: $8.70 million versus $22.91 million estimated by two analysts on average.
Segment Earnings (Loss) from Operations- Defense & Space: $44.80 million versus $28.92 million estimated by two analysts on average.
Shares of Spirit Aerosystems have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.7% 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) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2024, Spirit Aerosystems (SPR - Free Report) reported revenue of $1.47 billion, up 2.2% over the same period last year. EPS came in at -$3.03, compared to -$1.42 in the year-ago quarter.
The reported revenue represents a surprise of -19.55% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being -$0.16, the EPS surprise was -1793.75%.
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:
- Segment Revenues- Commercial: $1.14 billion versus $1.46 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
- Segment Revenues- Aftermarket: $99.50 million versus $107.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
- Segment Revenues- Defense & Space: $231.30 million versus $243.77 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.
- Segment Earnings (Loss) from Operations- Commercial: -$299.40 million versus the two-analyst average estimate of $81.52 million.
- Segment Earnings (Loss) from Operations- Aftermarket: $8.70 million versus $22.91 million estimated by two analysts on average.
- Segment Earnings (Loss) from Operations- Defense & Space: $44.80 million versus $28.92 million estimated by two analysts on average.
View all Key Company Metrics for Spirit Aerosystems here>>>Shares of Spirit Aerosystems have returned -1.4% over the past month versus the Zacks S&P 500 composite's +2.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.