Spirit Aerosystems (SPR) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Spirit Aerosystems reported revenue of $1.47 billion for the quarter ended September 2024, reflecting a 2.2% increase year-over-year, but a significant miss of 19.55% against the Zacks Consensus Estimate of $1.83 billion [1] - The company reported an EPS of -$3.03, a decline from -$1.42 in the same quarter last year, with an EPS surprise of -1793.75% compared to the consensus estimate of -$0.16 [1] Revenue Performance - Commercial segment revenues were $1.14 billion, below the estimated $1.46 billion, with a year-over-year change of +0.3% [2] - Aftermarket segment revenues reached $99.50 million, missing the estimate of $107.92 million, showing a +2.8% change from the previous year [2] - Defense & Space segment revenues totaled $231.30 million, also below the estimated $243.77 million, but reflecting a +12.5% increase year-over-year [2] Earnings Performance - Commercial segment reported an operating loss of -$299.40 million, significantly worse than the estimated profit of $81.52 million [2] - Aftermarket segment earnings were $8.70 million, falling short of the estimated $22.91 million [2] - Defense & Space segment earnings were $44.80 million, exceeding the estimated $28.92 million [2] Stock Performance - Spirit Aerosystems' shares have declined by -1.4% over the past month, contrasting with the Zacks S&P 500 composite's increase of +2.7% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]