Hexcel Q3 2024 Adj EPS $0.47 Beats $0.46 Estimate, Sales $456.50M Miss $456.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hexcel's Q3 2024 earnings per share of $0.47 surpassed expectations, but sales of $456.50 million slightly missed estimates. Sales increased by 8.82% compared to the previous year.
October 21, 2024 | 8:16 pm
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POSITIVE IMPACT
Hexcel's Q3 2024 earnings per share of $0.47 beat the consensus estimate, while sales slightly missed expectations. Despite the sales miss, the year-over-year sales growth of 8.82% is a positive indicator.
Hexcel's earnings per share exceeded expectations, which is typically a positive signal for investors and could lead to a short-term stock price increase. Although sales slightly missed estimates, the significant year-over-year growth suggests strong performance, supporting a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100