Hexcel Corporation (HXL) reported quarterly earnings of $0.33 per share for the period ending June 2022, surpassing the Zacks Consensus Estimate of $0.30 and up from $0.08 per share a year prior. The company’s revenue for the quarter was $393 million, exceeding expectations by 2.5% compared to $320.3 million in the same quarter last year.
This marks the fourth consecutive quarter that Hexcel has outperformed consensus EPS estimates. For the upcoming quarter, analysts project earnings of $0.32 per share on revenues of approximately $389.67 million.
Hexcel shares have gained about 10.3% year-to-date, while the S&P 500 has declined by 16.9%. The company’s stock currently holds a Zacks Rank of #3 (Hold), indicating expected market performance.
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