Spirit AeroSystems Holdings Beats Analyst Estimates on EPS

Seth Jayson, The Motley Fool
Updated

Spirit AeroSystems Holdings (NYS: SPR) reported earnings on May 3. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 29 (Q1), Spirit AeroSystems Holdings met expectations on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue increased significantly and GAAP earnings per share grew significantly.


Margins increased across the board.

Revenue details
Spirit AeroSystems Holdings logged revenue of $1.27 billion. The 18 analysts polled by S&P Capital IQ wanted to see sales of $1.25 billion on the same basis. GAAP reported sales were 21% higher than the prior-year quarter's $1.05 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.52. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.50 per share. GAAP EPS of $0.52 for Q1 were 117% higher than the prior-year quarter's $0.24 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 13.8%, 220 basis points better than the prior-year quarter. Operating margin was 9.7%, 310 basis points better than the prior-year quarter. Net margin was 5.8%, 250 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.35 billion. On the bottom line, the average EPS estimate is $0.56.

Next year's average estimate for revenue is $5.35 billion. The average EPS estimate is $2.19.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 298 members out of 313 rating the stock outperform, and 15 members rating it underperform. Among 94 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Spirit AeroSystems Holdings a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spirit AeroSystems Holdings is outperform, with an average price target of $28.05.

At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Spirit AeroSystems Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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