Spirit AeroSystems Holdings Earnings: Everything You Must Know Now

Spirit AeroSystems Holdings Inc (NYSE:SPR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Spirit AeroSystems Holdings Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.62% to $0.57 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Rose 13.94% to $1.44 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Spirit AeroSystems Holdings Inc reported adjusted EPS income of $0.57 per share. By that measure, the company beat the mean analyst estimate of $0.46. It beat the average revenue estimate of $1.41 billion.

Quoting Management: “Spirit is an important leader in commercial aerospace, as evidenced by our $36 billion backlog, market-leading products and technologies, and excellent track record on core programs,” said President and Chief Executive Officer Larry Lawson. “I am pleased to have the opportunity to lead Spirit.”

Key Stats (on next page)…

Revenue increased 1.16% from $1.43 billion in the previous quarter. EPS increased 32.56% from $0.43 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.52 to a profit $0.49. For the current year, the average estimate has moved down from a profit of $2.03 to a profit of $2.02 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)