Hexcel Q4 2023 Adj EPS $0.43 Misses $0.49 Estimate, Sales $457.50M Miss $471.91M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hexcel Corporation (NYSE:HXL) reported Q4 2023 earnings of $0.43 per share, missing the consensus estimate of $0.49 by 12.24%. Quarterly sales were $457.50M, falling short of the expected $471.91M by 3.05%, but marking a 6.54% increase from the same period last year.
January 24, 2024 | 9:18 pm
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NEGATIVE IMPACT
Hexcel's Q4 2023 earnings and sales both missed analyst estimates, which could lead to negative investor sentiment and a potential short-term decline in stock price.
Missing both earnings and sales estimates typically results in negative market reactions, as it suggests the company is not performing up to market expectations. Although the year-over-year sales increase is positive, the miss on expectations is likely to have a greater short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100