Hexcel(NYSE:HXL) stock fell by 2.59% on Tuesday after the company reported its Q3 earnings results on Monday, October 18, 2021 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Hexcel beat their estimated earnings by 62.5%, which surprised analysts.
Revenue was up $46,900,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07, which was followed by a 1.57% drop in the share price the next day.
Here’s a look at Hexcel’s past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 0.08 | 0.01 | -0.16 | -0.18 | 0.08 |
| EPS Actual | 0.13 | 0.08 | -0.10 | -0.18 | -0.29 |
| Price Change % | -2.59% | -1.57% | 0.14% | -4.38% | -6.19% |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
