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Hexcel Beats Analyst Estimates on EPS

Tuesday - 4/23/2013, 2:00am  ET

Hexcel reported earnings on April 22. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Hexcel met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.

Gross margins expanded, operating margins were steady, net margins increased.

Revenue details
Hexcel booked revenue of $416.5 million. The 11 analysts polled by S&P Capital IQ hoped for a top line of $416.9 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.43. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.42 per share. GAAP EPS of $0.43 for Q1 were 10% higher than the prior-year quarter's $0.39 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 26.9%, 30 basis points better than the prior-year quarter. Operating margin was 15.1%, much about the same as the prior-year quarter. Net margin was 10.5%, 60 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $427.3 million. On the bottom line, the average EPS estimate is $0.46.

Next year's average estimate for revenue is $1.70 billion. The average EPS estimate is $1.77.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 284 rating the stock outperform, and 16 members rating it underperform. Among 60 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give Hexcel a green thumbs-up, and one give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hexcel is outperform, with an average price target of $31.43.

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This article was originally published as Hexcel Beats Analyst Estimates on EPSon Fool.com

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