Hexcel Beats Analyst Estimates on EPS
Hexcel (NYS: HXL) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Hexcel met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded significantly.
Margins grew across the board.
Hexcel booked revenue of $399.2 million. The 12 analysts polled by S&P Capital IQ hoped for a top line of $404.8 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $353.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share. GAAP EPS of $0.47 for Q2 were 27% higher than the prior-year quarter's $0.37 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.4%, 180 basis points better than the prior-year quarter. Operating margin was 18.5%, 450 basis points better than the prior-year quarter. Net margin was 12.0%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $400.9 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $1.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 257 members out of 272 rating the stock outperform, and 15 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Hexcel a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hexcel is outperform, with an average price target of $31.23.
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The article Hexcel Beats Analyst Estimates on EPS originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.