Hexcel (HXL) Reports Q2: Everything You Need To Know Ahead Of Earnings
Aerospace and defense company Hexcel (NYSE:HXL) will be announcing earnings results tomorrow before market hours. Here's what investors should know.
Hexcel met analysts' revenue expectations last quarter, reporting revenues of $472.3 million, up 3.2% year on year. It was a decent quarter for the company, with a solid beat of analysts' Commercial aerospace revenue estimates. On the other hand, its revenue unfortunately missed and its EPS fell short of Wall Street's estimates.
Is Hexcel a buy or sell going into earnings? Read our full analysis here, it's free.
This quarter, analysts are expecting Hexcel's revenue to grow 7.2% year on year to $487.2 million, slowing from the 15.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.57 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Hexcel has missed Wall Street's revenue estimates four times over the last two years.
With Hexcel being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for aerospace and defense stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.3% on average over the last month. Hexcel is up 9.2% during the same time and is heading into earnings with an average analyst price target of $75.1 (compared to the current share price of $69.05).
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