A Peek at Hexcel's Future Earnings

Hexcel (NYSE:HXL) is gearing up to announce its quarterly earnings on Monday, 2024-10-21. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Hexcel will report an earnings per share (EPS) of $0.47.

The announcement from Hexcel is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings Track Record

In the previous earnings release, the company beat EPS by $0.04, leading to a 0.26% increase in the share price the following trading session.

Here's a look at Hexcel's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.56

0.41

0.49

0.43

EPS Actual

0.60

0.44

0.43

0.38

Price Change %

0.0%

2.0%

-8.0%

-8.0%

Market Performance of Hexcel's Stock

Shares of Hexcel were trading at $62.25 as of October 17. Over the last 52-week period, shares are down 2.84%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analyst Opinions on Hexcel

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Hexcel.

The consensus rating for Hexcel is Neutral, derived from 6 analyst ratings. An average one-year price target of $67.0 implies a potential ...