Hexcel Q3 EPS $0.38 Misses $0.43 Estimate, Sales $419.50M Miss $427.28M Estimate
Portfolio Pulse from Happy Mohamed
Hexcel (NYSE:HXL) reported Q3 earnings of $0.38 per share, missing the analyst consensus estimate of $0.43 by 11.63%. The company also reported quarterly sales of $419.50 million, missing the analyst consensus estimate of $427.28 million by 1.82%. However, both earnings and sales show an increase of 15.15% and 15.03% respectively over the same period last year.
October 23, 2023 | 8:15 pm
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NEGATIVE IMPACT
Hexcel's Q3 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increase in both earnings and sales might mitigate this impact.
Hexcel's Q3 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market and could lead to a short-term decrease in the stock price. However, the YoY increase in both earnings and sales might be seen as a positive signal, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100