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Wichita, KS-based Spirit AeroSystems Holdings, Inc. (SPR - Free Report) 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 dropped by a penny over the last 30 days.
Spirit AeroSystems has reported positive earnings surprises in all of the last four quarters with an average beat of 11.60%.
Zacks Rank
Currently, Spirit AeroSystems has a Zacks Rank #3 (Hold), but that could definitely change following its fourth quarter 2016 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 missed earnings estimates for the fourth quarter of 2016. Our consensus called for EPS of $1.02, and the company reported adjusted EPS of 89 cents.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
Revenue: The company also missed our estimate for revenues. Spirit AeroSystems posted revenues of $1.57 billion compared to our consensus estimate of $1.62 billion.
Key Developments to Note
Backlog in the reported quarter improved to $47 billion from $46 billion in the preceding quarter.
Spirit AeroSystems issued financial guidance for 2017. The company expects to earn revenues in the range of $6.8 billion to $6.9 billion in 2017. On the bottom line front, the company expects to generate earnings in the range of 4.60 - $4.85 per share.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
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Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>
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Spirit AeroSystems (SPR) Misses Q4 Earnings, Sales Estimates
Wichita, KS-based Spirit AeroSystems Holdings, Inc. (SPR - Free Report) 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 dropped by a penny over the last 30 days.
Spirit AeroSystems has reported positive earnings surprises in all of the last four quarters with an average beat of 11.60%.
Zacks Rank
Currently, Spirit AeroSystems has a Zacks Rank #3 (Hold), but that could definitely change following its fourth quarter 2016 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 missed earnings estimates for the fourth quarter of 2016. Our consensus called for EPS of $1.02, and the company reported adjusted EPS of 89 cents.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise | Spirit Aerosystems Holdings, Inc. Quote
Revenue: The company also missed our estimate for revenues. Spirit AeroSystems posted revenues of $1.57 billion compared to our consensus estimate of $1.62 billion.
Key Developments to Note
Backlog in the reported quarter improved to $47 billion from $46 billion in the preceding quarter.
Spirit AeroSystems issued financial guidance for 2017. The company expects to earn revenues in the range of $6.8 billion to $6.9 billion in 2017. On the bottom line front, the company expects to generate earnings in the range of 4.60 - $4.85 per share.
Check back later for our full write up on this Spirit AeroSystems earnings report later!
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>