Hexcel Beats Analyst Estimates on EPS
Hexcel (NYS: HXL) reported earnings on Oct. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Hexcel met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share increased significantly.
Margins increased across the board.
Hexcel chalked up revenue of $391.6 million. The 11 analysts polled by S&P Capital IQ hoped for revenue of $392.7 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $351.8 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 $0.39. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.36 per share. GAAP EPS of $0.39 for Q3 were 22% higher than the prior-year quarter's $0.32 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 25.3%, 70 basis points better than the prior-year quarter. Operating margin was 15.3%, 220 basis points better than the prior-year quarter. Net margin was 10.2%, 100 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $397.4 million. On the bottom line, the average EPS estimate is $0.37.
Next year's average estimate for revenue is $1.59 billion. The average EPS estimate is $1.54.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 262 members out of 277 rating the stock outperform, and 15 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 53 give Hexcel a green thumbs-up, and 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 $30.17.
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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. The Motley Fool has no positions in the stocks mentioned above. 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.
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