For the quarter ended September 2024, Spirit Aerosystems (SPR) reported income of $1.47 billion, up 2.2% over the identical interval final yr. EPS got here in at -$3.03, in comparison with -$1.42 within the year-ago quarter.
The reported income represents a shock of -19.55% over the Zacks Consensus Estimate of $1.83 billion. With the consensus EPS estimate being -$0.16, the EPS shock was -1793.75%.
Whereas buyers intently watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Road expectations to find out their subsequent plan of action, some key metrics all the time present a greater perception into an organization’s underlying efficiency.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher challenge a inventory’s worth efficiency.
Right here is how Spirit Aerosystems carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Phase Revenues- Industrial: $1.14 billion versus $1.46 billion estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +0.3% change.
- Phase Revenues- Aftermarket: $99.50 million versus $107.92 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +2.8% change.
- Phase Revenues- Protection & House: $231.30 million versus $243.77 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a +12.5% change.
- Phase Earnings (Loss) from Operations- Industrial: -$299.40 million versus the two-analyst common estimate of $81.52 million.
- Phase Earnings (Loss) from Operations- Aftermarket: $8.70 million versus $22.91 million estimated by two analysts on common.
- Phase Earnings (Loss) from Operations- Protection & House: $44.80 million versus $28.92 million estimated by two analysts on common.
View all Key Company Metrics for Spirit Aerosystems here>>>
Shares of Spirit Aerosystems have returned -1.4% over the previous month versus the Zacks S&P 500 composite’s +2.7% change. The inventory at present has a Zacks Rank #5 (Robust Promote), indicating that it may underperform the broader market within the close to time period.
Zacks’ Analysis Chief Names “Inventory Most More likely to Double”
Our workforce of consultants has simply launched the 5 shares with the best chance of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This high decide is among the many most modern monetary corporations. With a fast-growing buyer base (already 50+ million) and a various set of leading edge options, this inventory is poised for giant features. In fact, all our elite picks aren’t winners however this one may far surpass earlier Zacks’ Shares Set to Double like Nano-X Imaging which shot up +129.6% in little greater than 9 months.
Free: See Our Top Stock And 4 Runners Up
Spirit Aerosystems Holdings, Inc. (SPR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
