Hexcel Corp (HXL) Q3 2024 Earnings Report Preview: What to Look For

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Oct 18, 2024
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Hexcel Corp (HXL, Financial) is set to release its Q3 2024 earnings on Oct 21, 2024. The consensus estimate for Q3 2024 revenue is $456.90 million, and the earnings are expected to come in at $0.47 per share. The full year 2024's revenue is expected to be $1.92 billion and the earnings are expected to be $2.07 per share. More detailed estimate data can be found on the Forecast page.

Hexcel Corp (HXL, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Hexcel Corp (HXL) have declined from $1.94 billion to $1.92 billion for the full year 2024, and from $2.17 billion to $2.13 billion for 2025. Earnings estimates have also been revised downward, from $2.18 per share to $2.07 per share for the full year 2024, and from $2.89 per share to $2.73 per share for 2025.

Hexcel Corp (HXL, Financial) Reported History

In the previous quarter of June 30, 2024, Hexcel Corp's (HXL) actual revenue was $500.40 million, which beat analysts' revenue expectations of $482.78 million by 3.65%. Hexcel Corp's (HXL) actual earnings were $0.60 per share, which beat analysts' earnings expectations of $0.57 per share by 6.19%. After releasing the results, Hexcel Corp (HXL) was down by -7.79% in one day.

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Hexcel Corp (HXL, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 17 analysts, the average target price for Hexcel Corp (HXL) is $70.65 with a high estimate of $81 and a low estimate of $60. The average target implies an upside of 13.49% from the current price of $62.25.

Based on GuruFocus estimates, the estimated GF Value for Hexcel Corp (HXL, Financial) in one year is $88.28, suggesting an upside of 41.82% from the current price of $62.25.

Based on the consensus recommendation from 21 brokerage firms, Hexcel Corp's (HXL, Financial) average brokerage recommendation is currently 2.8, indicating a "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.