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Spirit Aerosystems (SPR) Gains But Lags Market: What You Should Know

Zacks Equity Research
In the latest trading session, Enterprise Products Partners (EPD) closed at $30.47, marking a -0.68% move from the previous day.

In the latest trading session, Spirit Aerosystems (SPR) closed at $87.36, marking a +0.28% move from the previous day. This change lagged the S&P 500's 0.47% gain on the day. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 0.34%.

Coming into today, shares of the aircraft parts maker had lost 4.16% in the past month. In that same time, the Aerospace sector gained 5.18%, while the S&P 500 gained 4.67%.

Wall Street will be looking for positivity from SPR as it approaches its next earnings report date. This is expected to be May 1, 2019. On that day, SPR is projected to report earnings of $1.67 per share, which would represent year-over-year growth of 51.82%. Our most recent consensus estimate is calling for quarterly revenue of $1.94 billion, up 11.73% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.37 per share and revenue of $8.04 billion, which would represent changes of +17.73% and +11.3%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for SPR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.51% lower. SPR is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that SPR has a Forward P/E ratio of 11.82 right now. This represents a discount compared to its industry's average Forward P/E of 19.25.

It is also worth noting that SPR currently has a PEG ratio of 1.52. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 2.07 based on yesterday's closing prices.

The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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