Will 737 Max Issue Hurt Spirit AeroSystems (SPR) Q4 Earnings?
Zacks Investment Research | Feb 04, 2020 10:21PM ET
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) is expected to release fourth-quarter and 2019 results soon.
The company’s earnings missed the Zacks Consensus Estimate in the last reported quarter by 17.37%. Moreover, the company failed to beat the Zacks Consensus Estimate in the trailing four quarters, with the average negative surprise being 2.14%.
Let’s see how things have shaped up prior to this announcement.
Factors At Play
Spirit AeroSystems’ Propulsion Systems segment, which represents almost 24% of the company’s total sales, has been a major growth driver for the company and is likely to have performed well in the fourth quarter too. Higher production volume for Boeing’s (NYSE:BA) 777 series of jets is likely to have driven revenues for Spirit AeroSystems’ Propulsion Systems segment in the soon-to-be-reported quarter.
Moreover, higher production volume from the 777 program is expected to have boosted the company’s Wing segment revenues. Solid segmental performances are expected to get reflected in the results in the form of positive revenue growth.
The Zacks Consensus Estimate for the company’s fourth-quarter sales is pegged at $1.93 billion, implying growth of 4.9% from the prior-year quarter’s reported figure.
Spirit Aerosystems Holdings, Inc. Price and EPS Surprise
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