Wichita, KS-based Spirit AeroSystems Holdings, Inc. SPR is a manufacturer and supplier of large aircraft structures. Commercial aircraft manufacturer, Boeing, has to depend on Spirit AeroSystems for bare fuselages of its 737 and 787 airplanes. In addition, Spirit AeroSystems contributes to other commercial and defense programs.
Estimate Revision Trend
Investors should note the earnings estimate revisions for Spirit AeroSystems. The Zacks Consensus Estimate has remained unchanged over the last 7 days. Spirit AeroSystems has also reported positive earnings surprises in three of the last four quarters.
Currently, Spirit AeroSystems carries a Zacks Rank #3 (Hold), but that could definitely change following its first quarter 2019 earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings: Spirit AeroSystems reported first-quarter 2019 adjusted earnings of $1.68 per share, which surpassed the Zacks Consensus Estimate of $1.67 by a penny.
Revenue: The company surpassed our estimate for revenues. Total revenues of $1,968 million exceeded the Zacks Consensus Estimate of $1,940 million by 1.44%.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise | Spirit Aerosystems Holdings, Inc. Quote
Key Developments to Note
Backlog in the reported quarter was $48 billion, in line with the prior quarter’s figure.
Capital expenditures summed $41 million during the first quarter, down from $48 million in the prior year quarter.
Stock Price: In the pre-market trading session, Spirit AeroSystems’ first quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
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