Hexcel: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Hexcel Corporation (NYSE:HXL) reported Q4 earnings with an EPS of $0.43, missing the estimate of $0.49 by 12.24%. Revenue increased by $28.10 million compared to the same period last year. The company's stock price dropped 7.66% the day after missing EPS estimates last quarter.
January 24, 2024 | 9:20 pm
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NEGATIVE IMPACT
Hexcel reported lower-than-expected Q4 earnings with an EPS miss of 12.24%, but showed an increase in year-over-year revenue.
Given Hexcel's recent history of stock price decline following an earnings miss last quarter, it is likely that the stock may experience a similar short-term negative impact due to the Q4 earnings miss. However, the increase in revenue could mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100