Advertisement
New Zealand markets closed
  • NZX 50

    12,134.97
    +76.68 (+0.64%)
     
  • NZD/USD

    0.6108
    +0.0010 (+0.17%)
     
  • NZD/EUR

    0.5603
    -0.0002 (-0.04%)
     
  • ALL ORDS

    8,206.10
    +72.70 (+0.89%)
     
  • ASX 200

    7,959.30
    +69.70 (+0.88%)
     
  • OIL

    83.45
    +0.83 (+1.00%)
     
  • GOLD

    2,406.50
    -15.40 (-0.64%)
     
  • NASDAQ

    20,211.36
    -464.02 (-2.24%)
     
  • FTSE

    8,238.33
    +14.99 (+0.18%)
     
  • Dow Jones

    39,753.75
    +32.39 (+0.08%)
     
  • DAX

    18,586.11
    +51.55 (+0.28%)
     
  • Hang Seng

    18,293.38
    +461.05 (+2.59%)
     
  • NIKKEI 225

    41,190.68
    -1,033.34 (-2.45%)
     
  • NZD/JPY

    97.1910
    +0.3460 (+0.36%)
     

Spirit Aerosystems (SPR) Reports Q1 Earnings: What Key Metrics Have to Say

For the quarter ended March 2023, Spirit Aerosystems (SPR) reported revenue of $1.43 billion, up 21.9% over the same period last year. EPS came in at -$1.69, compared to $0.03 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.48 billion, representing a surprise of -3.14%. The company delivered an EPS surprise of -445.16%, with the consensus EPS estimate being -$0.31.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

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:

  • Revenue- Commercial: $1.15 billion versus $1.15 billion estimated by three analysts on average.

  • Revenue- Aftermarket: $94.50 million versus $92.71 million estimated by three analysts on average.

  • Revenue- Defense & Space: $188.40 million versus the three-analyst average estimate of $173.36 million.

  • Segment Operating Income- Aftermarket: $19.20 million versus $18.85 million estimated by three analysts on average.

  • Segment Operating Income- Defense & Space: $19.20 million compared to the $18.80 million average estimate based on three analysts.

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

Shares of Spirit Aerosystems have returned -15.1% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Spirit Aerosystems Holdings, Inc. (SPR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research