Core Viewpoint - Hexcel (HXL) is expected to report quarterly earnings of $0.43 per share, a decline of 2.3% year-over-year, with revenues projected at $475.86 million, reflecting a 0.8% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised down by 2.4% in the last 30 days, indicating a reassessment by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Net Sales- Commercial Aerospace- Composite Materials' at $258.80 million, a year-over-year increase of 2.9% [5]. - 'Net Sales- Space & Defense- Composite Materials' is projected to be $95.29 million, reflecting a 0.6% increase from the prior year [5]. - 'Net Sales- Industrial- Composite Materials' is expected to be $27.33 million, indicating a significant decline of 17.9% year-over-year [6]. - 'Net Sales- Commercial Aerospace- Total' is forecasted at $298.96 million, showing a slight decrease of 0.1% compared to the previous year [7]. - The total 'Net Sales- Composite Materials' is expected to reach $381.42 million, reflecting a 0.5% year-over-year change [8]. Operating Income - 'Operating income- Composite Materials' is projected at $38.99 million, down from $63.70 million a year ago [9]. - 'Operating income- Engineered Products' is expected to be $8.70 million, a decrease from $12.90 million in the prior year [9]. Market Performance - Hexcel shares have declined by 7.9% over the past month, compared to a 3.9% decline in the Zacks S&P 500 composite [9]. - With a Zacks Rank of 4 (Sell), Hexcel is anticipated to underperform the overall market in the near future [10].
Countdown to Hexcel (HXL) Q1 Earnings: Wall Street Forecasts for Key Metrics