Does the Street Have Spirit AeroSystems Holdings Figured Out?
Spirit AeroSystems Holdings (NYS: SPR) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.
The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict Spirit AeroSystems Holdings' revenues will contract -10.0% and EPS will grow 133.3%.
The average estimate for revenue is $1.32 billion. On the bottom line, the average EPS estimate is $0.49.
Last quarter, Spirit AeroSystems Holdings logged revenue of $1.27 billion. GAAP reported sales were 21% higher than the prior-year quarter's $1.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.52. GAAP EPS of $0.52 for Q1 were 117% higher than the prior-year quarter's $0.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 13.9%, 230 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.
The full year's average estimate for revenue is $5.36 billion. The average EPS estimate is $2.16.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 298 members out of 315 rating the stock outperform, and 17 members rating it underperform. Among 82 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 79 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.
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The article Does the Street Have Spirit AeroSystems Holdings Figured Out? 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 the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend 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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