Hexcel (HXL) Q3 Earnings and Revenues Surpass Estimates

Company Performance - Hexcel reported quarterly earnings of $0.47 per share, exceeding the Zacks Consensus Estimate of $0.46 per share, and up from $0.38 per share a year ago, representing an earnings surprise of 2.17% [1] - The company posted revenues of $456.5 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.07%, and an increase from year-ago revenues of $419.5 million [1] - Over the last four quarters, Hexcel has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [1] Future Outlook - The sustainability of Hexcel's stock price movement will depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - Current consensus EPS estimate for the coming quarter is $0.55 on revenues of $488.51 million, and for the current fiscal year, it is $2.05 on revenues of $1.91 billion [4] - The estimate revisions trend for Hexcel is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [4] Industry Context - The Aerospace - Defense Equipment industry, to which Hexcel belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Another company in the same industry, FTAI Aviation, is expected to report quarterly earnings of $0.77 per share, reflecting a year-over-year change of +133.3%, with revenues expected to be $429.29 million, up 47.5% from the year-ago quarter [5]