Hexcel Sees 2024 Adj. EPS $2.10-$2.30 vs $2.47 Est., Sales $1.925B-$2.025B vs $2.02B Est.
Portfolio Pulse from Benzinga Newsdesk
Hexcel Corporation provided its financial outlook for 2024, projecting adjusted earnings per share (EPS) to be between $2.10 and $2.30, which is below the estimated $2.47. The company also forecasts sales to range from $1.925 billion to $2.025 billion, which brackets the estimated $2.02 billion.
January 24, 2024 | 9:20 pm
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Hexcel Corporation anticipates lower-than-expected adjusted EPS for 2024 at $2.10-$2.30 compared to the $2.47 estimate, with sales projections close to analyst expectations.
The projected adjusted EPS being lower than the estimated figure is likely to be perceived negatively by investors, potentially leading to a short-term decline in Hexcel's stock price. However, the sales forecast being in line with estimates may mitigate some of the negative impact.
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