Spirit Aerosystems (SPR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2024, Spirit Aerosystems (SPR) reported revenue of $1.7 billion, up 19% over the same period last year. EPS came in at -$3.93, compared to -$1.69 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.73 billion, representing a surprise of -1.72%. The company delivered an EPS surprise of -793.18%, with the consensus EPS estimate being -$0.44.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Spirit Aerosystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Revenue Growth: 19% versus 23.6% estimated by two analysts on average.

• Deliveries - Boeing Model - B737: 44 versus the two-analyst average estimate of 83.

• Deliveries - Boeing Model - B767: 5 versus the two-analyst average estimate of 8.

• Deliveries - Airbus Model - A330: 7 compared to the 8 average estimate based on two analysts.

• Deliveries - Boeing Model - B787: 13 compared to the 14 average estimate based on two analysts.

• Deliveries - Airbus Model - A320 Family: 153 versus the two-analyst average estimate of 150.

• Deliveries - Boeing Model - B777: 8 compared to the 9 average estimate based on two analysts.

• Segment Revenues- Commercial: $1.36 billion versus $1.32 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +18.1% change.

• Segment Revenues- Aftermarket: $95.90 million versus the four-analyst average estimate of $106.01 million. The reported number represents a year-over-year change of +1.5%.

• Segment Revenues- Defense & Space: $250.80 million versus the four-analyst average estimate of $213.59 million. The reported number represents a year-over-year change of +33.1%.

• Segment Earnings (Loss) from Operations- Aftermarket: $17.20 million compared to the $21.01 million average estimate based on four analysts.

• Segment Earnings (Loss) from Operations- Defense & Space: $32.20 million compared to the $22.80 million average estimate based on four analysts.

View all Key Company Metrics for Spirit Aerosystems here>>>

Shares of Spirit Aerosystems have returned -2.6% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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