For the quarter ended September 2023, Hexcel (HXL) reported revenue of $419.5 million, up 15% over the same period last year. EPS came in at $0.38, compared to $0.33 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $430.82 million, representing a surprise of -2.63%. The company delivered an EPS surprise of -9.52%, with the consensus EPS estimate being $0.42.
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- Space & Defense: $128.80 million versus $133.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18.6% change.
- Net Sales- Industrial: $38.80 million versus $53.16 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -17.5% change.
- Net Sales- Commercial Aerospace- Total: $251.90 million compared to the $240.23 million average estimate based on four analysts. The reported number represents a change of +20.5% year over year.
- Net Sales- Commercial Aerospace- Composite Materials: $212.70 million versus the three-analyst average estimate of $205.51 million. The reported number represents a year-over-year change of +20%.
- Net Sales- Commercial Aerospace- Engineered Products: $39.20 million versus $36.54 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +22.9% change.
- Net Sales- Space & Defense- Composite Materials: $90 million compared to the $95.67 million average estimate based on three analysts. The reported number represents a change of +28.2% year over year.
- Net Sales- Space & Defense- Engineered Products: $38.80 million versus $37.49 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1% change.
- Net Sales- Industrial- Composite Materials: $39.20 million versus $49.93 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -15% change.
- Net sales- Composite Materials: $356.70 million compared to the $351.10 million average estimate based on three analysts. The reported number represents a change of +21.5% year over year.
- Net Sales- Industrial- Engineered Products: $1 million versus the three-analyst average estimate of $0.95 million. The reported number represents a year-over-year change of +11.1%.
- Net sales- Engineered products: $79.20 million compared to the $75.01 million average estimate based on three analysts. The reported number represents a change of +11.2% year over year.
- Operating income- Composite Materials: $43.70 million versus $56.98 million estimated by four analysts on average.
View all Key Company Metrics for Hexcel here>>>
Shares of Hexcel have returned -0.8% 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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