The upcoming report from Hexcel (HXL) is expected to reveal quarterly earnings of $0.48 per share, indicating an increase of 29.7% compared to the year-ago period. Analysts forecast revenues of $496.24 million, representing an increase of 8.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Hexcel metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Net Sales- Composite Materials' will reach $401.06 million. The estimate indicates a change of +5% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Engineered products' will reach $101.17 million. The estimate points to a change of +7.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Net Sales- Commercial Aerospace- Engineered Products' should arrive at $48.17 million. The estimate indicates a year-over-year change of +10.5%.
Analysts predict that the 'Net Sales- Commercial Aerospace- Total' will reach $320.12 million. The estimate suggests a change of +16.8% year over year.
According to the collective judgment of analysts, 'Net Sales- Defense, Space & Other- Total' should come in at $173.21 million. The estimate indicates a change of -4.8% from the prior-year quarter.
Analysts expect 'Net Sales- Defense, Space & Other- Composite Materials' to come in at $138.38 million. The estimate indicates a year-over-year change of +4.4%.
The average prediction of analysts places 'Net Sales- Commercial Aerospace- Composite Materials' at $272.42 million. The estimate suggests a change of +18.1% year over year.
Analysts' assessment points toward 'Net Sales- Defense, Space & Other- Engineered Products' reaching $52.83 million. The estimate indicates a year-over-year change of +6.9%.
The collective assessment of analysts points to an estimated 'Operating income- Composite Materials' of $60.84 million. Compared to the current estimate, the company reported $39.90 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Operating income- Engineered Products' will likely reach $13.28 million. The estimate compares to the year-ago value of $13.60 million.
View all Key Company Metrics for Hexcel here>>>Hexcel shares have witnessed a change of +5.4% in the past month, in contrast to the Zacks S&P 500 composite's +0.7% move. With a Zacks Rank #3 (Hold), HXL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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