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Spirit AeroSystems (SPR) Meets Q1 Earnings, Beats on Sales
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Wichita, KS-based Spirit AeroSystems Holdings, Inc. (SPR - Free Report) is a manufacturer and supplier of large aircraft structures. Commercial aircraft manufacturer, Boeing, has to depend on Spirit AeroSystems for bare fuselages of its 737 and 787 airplanes. In addition, Spirit AeroSystems contributes to other commercial and defense programs.
Estimate Revision Trend
Investors should note the earnings estimate revisions for Spirit AeroSystems. The Zacks Consensus Estimate has increased by a penny over the last 7 days.
Spirit AeroSystems has reported positive earnings surprises in three of the last four quarters with an average beat of 8.15%.
Zacks Rank
Currently, Spirit AeroSystems has a Zacks Rank #3 (Hold), but that could definitely change following its first quarter 2017 earnings report which was just released.You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Spirit AeroSystems earnings figure came in line with the earnings estimate for the first quarter of 2017. Our consensus called for EPS of $1.17, and the company also reported EPS of $1.17.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
Revenue: The company surpassed our estimate for revenues. Spirit AeroSystems posted revenues of $1.69 billion compared to our consensus estimate of $1.66 billion.
Key Developments to Note
Backlog in the reported quarter dropped to $46 billion from $47 billion in the preceding quarter.
Spirit AeroSystems reaffirmed financial guidance for 2017. The company continues to expect to earn revenues in the range of $6.8 billion to $6.9 billion in 2017. On the bottom line front, the company still expects to generate earnings in the range of 4.60 - $4.85 per share.
Stock Price: In the pre-market trading session, Spirit AeroSystems’ first quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Spirit AeroSystems (SPR) Meets Q1 Earnings, Beats on Sales
Wichita, KS-based Spirit AeroSystems Holdings, Inc. (SPR - Free Report) is a manufacturer and supplier of large aircraft structures. Commercial aircraft manufacturer, Boeing, has to depend on Spirit AeroSystems for bare fuselages of its 737 and 787 airplanes. In addition, Spirit AeroSystems contributes to other commercial and defense programs.
Estimate Revision Trend
Investors should note the earnings estimate revisions for Spirit AeroSystems. The Zacks Consensus Estimate has increased by a penny over the last 7 days.
Spirit AeroSystems has reported positive earnings surprises in three of the last four quarters with an average beat of 8.15%.
Zacks Rank
Currently, Spirit AeroSystems has a Zacks Rank #3 (Hold), but that could definitely change following its first quarter 2017 earnings report which was just released.You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Spirit AeroSystems earnings figure came in line with the earnings estimate for the first quarter of 2017. Our consensus called for EPS of $1.17, and the company also reported EPS of $1.17.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise | Spirit Aerosystems Holdings, Inc. Quote
Revenue: The company surpassed our estimate for revenues. Spirit AeroSystems posted revenues of $1.69 billion compared to our consensus estimate of $1.66 billion.
Key Developments to Note
Backlog in the reported quarter dropped to $46 billion from $47 billion in the preceding quarter.
Spirit AeroSystems reaffirmed financial guidance for 2017. The company continues to expect to earn revenues in the range of $6.8 billion to $6.9 billion in 2017. On the bottom line front, the company still expects to generate earnings in the range of 4.60 - $4.85 per share.
Stock Price: In the pre-market trading session, Spirit AeroSystems’ first quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>