Spirit Aerosystems (SPR) Reports Q3 Loss, Lags Revenue Estimates

Company Performance - Spirit Aerosystems reported a quarterly loss of $3.03 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.16, and compared to a loss of $1.42 per share a year ago, indicating a substantial decline in performance [1] - The company's revenues for the quarter ended September 2024 were $1.47 billion, missing the Zacks Consensus Estimate by 19.55%, and showing a slight increase from $1.44 billion in the same quarter last year [1] - Over the last four quarters, Spirit Aerosystems has consistently failed to meet consensus EPS estimates, with the latest earnings surprise being -1,793.75% [1] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.53 on revenues of $1.98 billion, while for the current fiscal year, the estimate is -$4.67 on revenues of $6.82 billion [4] - The estimate revisions trend for Spirit Aerosystems is currently unfavorable, resulting in a Zacks Rank 5 (Strong Sell), suggesting expected underperformance in the near future [4] Industry Context - The Aerospace - Defense Equipment industry, to which Spirit Aerosystems belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a relatively strong position within the market [5] - Astronics Corporation, another company in the same industry, is expected to report quarterly earnings of $0.18 per share, reflecting a year-over-year change of +200%, with revenues anticipated to be $200.59 million, up 23.1% from the previous year [5]