Spirit AeroSystems Holdings
The 10-second takeaway
For the quarter ended June 28 (Q2), Spirit AeroSystems Holdings beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded.
Margins grew across the board.
Spirit AeroSystems Holdings logged revenue of $1.34 billion. The 15 analysts polled by S&P Capital IQ expected sales of $1.32 billion on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $1.47 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 $0.52. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.49 per share. GAAP EPS of $0.24 for Q2 were 14% higher than the prior-year quarter's $0.21 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 13.7%, 600 basis points better than the prior-year quarter. Operating margin was 6.2%, 170 basis points better than the prior-year quarter. Net margin was 2.6%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.36 billion. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $5.37 billion. The average EPS estimate is $2.14.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 298 members out of 315 rating the stock outperform, and 17 members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 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 $28.61.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Spirit AeroSystems Holdings. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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