Hexcel Q2 2024 Adj EPS $0.60 Beats $0.56 Estimate, Sales $500.400 Miss $483.362M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hexcel (NYSE:HXL) reported Q2 2024 adjusted EPS of $0.60, beating the estimate of $0.56. However, sales of $500.4 million missed the estimate of $483.362 million. This represents a significant increase from $454.3 million in the same period last year.
July 18, 2024 | 11:02 am
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POSITIVE IMPACT
Hexcel's Q2 2024 earnings per share beat estimates, but sales missed expectations. Despite the sales miss, the year-over-year sales growth is notable.
The EPS beat is a positive indicator for investors, suggesting better-than-expected profitability. The sales miss is a negative, but the significant year-over-year sales growth mitigates this concern. Overall, the positive EPS surprise is likely to have a more substantial short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100