Spirit Aerosystems (SPR) Q2 Results: Key Indicators Compared to Estimates

For the quarter ended June 2024, Spirit Aerosystems (SPR) reported revenue of $1.49 billion, up 9.3% from the same period in the prior year. EPS was -$2.73, compared to -$1.46 in the same quarter in the prior year.

The reported revenue surprised by -2.56% compared to the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate of -$0.98, the EPS surprise was -178.57%.

While investors closely monitor year-over-year changes in key numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, certain key indicators still provide a better snapshot of a company’s underlying performance.

Since these metrics influence revenue and net income performance, comparing them to prior year figures and analyst estimates helps investors more accurately project a stock’s price performance.

Here’s how Spirit Aerosystems performed in the just-released quarter, based on the metrics most widely watched and projected by Wall Street analysts:

• Revenue by segment – Commercial

  :1.17 billion dollars against 1.23 billion dollars estimated on average by three analysts. The announced figure represents a variation of +7.7% over one year.

• Segment Revenue – Secondary Market

  :224.40 million dollars against an average estimate of 105.56 million dollars based on three analysts. The announced figure represents a variation of +143.7% over one year.

• Segment revenue – Defense and space

  : $224.40 million versus an average estimate of $230.47 million from three analysts. The reported figure represents a year-over-year change of +18.4%.

• Segment operating profit (loss) – Commercial

  :-$270.50 million versus the average estimate of -$20.58 million by two analysts.

• Segment profit (loss) from operations – Secondary market

  :$17.50 million versus $20.43 million estimated on average by two analysts.

• Sector profit (loss) from operations – Defense and space

  :$18.70 million versus the average estimate of $27.09 million by two analysts.

Check out all the key company indicators for Spirit Aerosystems here >>>

Shares of Spirit Aerosystems have returned +0.9% over the past month, compared to a change of -2.9% for the Zacks S&P 500 Composite Index. The stock currently has a Zacks Rank #4 (Sell), indicating it could underperform the broader market in the near term.

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