Spirit Aerosystems Holdings, Inc. (NYSE:SPR) is reporting third quarter financial results on Tuesday 3rd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, SPR is expected to report 3Q20 loss of $ 1.34 per share from revenue of $ 780.73 million.
For the full year, analysts anticipate top line of $ 3271.23 million, while looking forward to loss of $ 4.9 per share bottom line.
Previous Quarter Performance
Spirit Aerosystems Holdings, Inc. communicated loss for the second quarter of $ 2.28 per share, from the revenue of $ 644.60 million. The quarterly revenues declined 68.03 percent compared with the same quarter last year. According to street consensus, SPR was expected to report 2Q20 loss of $ 1.32 per share from revenue of $ 870.97 million. The bottom line results missed street analysts by $ 0.96 or 72.73 percent, at the same time, top line results fell short of analysts by $ 226.37 million or 25.99 percent.
Stock Performance
Shares of Spirit Aerosystems Holdings, Inc. traded up $ 0.64 or 3.52 percent on Monday, reaching $ 18.83 with volume of 3.55 million shares. Spirit Aerosystems Holdings, Inc. has traded high as $ 19.02 and has cracked $ 18.00 on the downward trend
The closing price of $ 18.83, representing a 32.87 % increase from the 52 week low of $ 13.69 and a 80.4 % decrease over the 52 week high of $ 92.81.
The company has a market capital of $ 1.99 billion and is part of the Industrials sector and Aerospace & Defense industry.
Recent Analyst recommendations
- On 9th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 18.00 target price.
Conference Call
Spirit Aerosystems Holdings, Inc. will be hosting a conference call at 7:30 AM eastern time on 3rd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.spiritaero.com
Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems.
