Spirit AeroSystems Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Spirit AeroSystems Holdings beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped.
Margins dropped across the board.
Spirit AeroSystems Holdings booked revenue of $1.22 billion. The 18 analysts polled by S&P Capital IQ hoped for revenue of $1.13 billion. GAAP sales were 14% higher than the prior-year quarter's $1.07 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.42. The 21 earnings estimates compiled by S&P Capital IQ predicted $0.51 per share. GAAP EPS of $0.42 for Q4 were 4.5% lower than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 12.5%, 660 basis points worse than the prior-year quarter. Operating margin was 8.4%, 540 basis points worse than the prior-year quarter. Net margin was 5.0%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.24 billion. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $5.34 billion. The average EPS estimate is $2.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 302 members out of 318 rating the stock outperform, and 16 members rating it underperform. Among 112 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give Spirit AeroSystems Holdings a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spirit AeroSystems Holdings is outperform, with an average price target of $24.98.
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