Hexcel Reaffirms FY23 EPS $1.80-$1.94 Vs $1.95 Est.; Revenue $1.765B-$1.835B Vs $1.82B Est.
Portfolio Pulse from Happy Mohamed
Hexcel Corporation has reaffirmed its FY23 guidance, expecting EPS of $1.80-$1.94 and revenue of $1.765B-$1.835B, slightly below estimates. The company also anticipates a free cash flow of over $110 million and capital expenditures of about $130 million. The estimated tax rate is reduced to 21% from 23%.
October 23, 2023 | 8:17 pm
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NEGATIVE IMPACT
Hexcel's FY23 guidance is slightly below estimates, which may negatively impact the stock price in the short term. However, the reduction in the estimated tax rate could offset some of this impact.
Hexcel's FY23 guidance is slightly below the market's expectations, which could lead to a negative sentiment among investors and potentially a decrease in the stock price. However, the company's reduction in the estimated tax rate from 23% to 21% could be seen as a positive factor, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100