Have you been eager to see how Spirit AeroSystems Holdings, Inc. (SPR) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this KS-based leading first-tier aerostructures manufacturer’s earnings release this morning:
An Earnings Beat
Spirit AeroSystems came out with adjusted earnings per share of 87 cents, beating the Zacks Consensus Estimate of 77 cents.
Revenue Came In Lower Than Expected
Spirit AeroSystems posted revenues of $1,574 million, which significantly missed the Zacks Consensus Estimate of $1,677 million.
Key Stats to Note
Backlog in the reported quarter touched a record $47 billion, up about 7% from the previous quarter.
Estimate Revision Trend
You should note the earnings estimate revisions for Spirit AeroSystems. The Zacks Consensus Estimate has remained stable over the last 7 days.
Also, Spirit AeroSystems has a decent earnings surprise history. The company has beat estimates in three of the last four quarters and delivered an average positive earnings surprise of 24%.
Zacks Rank
Spirit AeroSystems currently sports a Zacks Rank #1 (Strong Buy). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
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