Spirit AeroSystems Q1 2024 Adj EPS $(3.93) May Not Compare To $(0.48) Estimate, Sales $1.70B Beat $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Spirit AeroSystems reported a Q1 2024 adjusted EPS of $(3.93), significantly missing the $(0.48) estimate. However, their sales of $1.70B exceeded the $1.62B estimate.
May 07, 2024 | 11:31 am
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NEGATIVE IMPACT
Spirit AeroSystems' Q1 2024 earnings report showed a significant miss on adjusted EPS but exceeded sales expectations.
The significant miss on the EPS estimate is likely to negatively impact investor sentiment in the short term, overshadowing the positive sales performance. Typically, earnings misses, especially of this magnitude, lead to negative stock price movements as they reflect operational challenges or costs that were not anticipated by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100