HXL Stock Recent News

After losing some value lately, a hammer chart pattern has been formed for Hexcel (HXL), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Hexcel Corporation (NYSE:HXL ) Q2 2023 Earnings Conference Call July 25, 2022 10:00 AM ET Company Participants Patrick Winterlich - CFO Nick Stanage - Chairman, President and CEO Kurt Goddard - Vice President, Investor Relations Conference Call Participants Ken Herbert - RBC Capital Markets Gautam Khanna - Cowen David Strauss - Barclays Robert Spingarn - Melius Research Matt Akers - Wells Fargo Sheila Kahyaoglu - Jefferies Pete Skibitski - Alembic Global Richard Safran - Seaport Research Partners Myles Walton - Wolfe Research Ron Epstein - Bank of America Michael Ciarmoli - Truist Securities Operator Good morning, ladies and gentlemen, and welcome to the Hexcel Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded.

Hexcel's (HXL) total Q2 sales of $454 million beat the Zacks Consensus Estimate by 2.2%. Also, the top line witnesses an improvement of 15.6% from the year-ago quarter.

While the top- and bottom-line numbers for Hexcel (HXL) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Hexcel (HXL) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.33 per share a year ago.

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STAMFORD, Conn.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL) announced today that it will report financial results for its second quarter of 2023 on Monday, July 24 after the market close. The company will host a webcast and conference call to discuss highlights of its financial results on Tuesday, July 25 at 10 a.m. ET. The call will be hosted by Chairman, CEO and President Nick Stanage and Chief Financial Officer Patrick Winterlich. The event will be webcast via the Investor Relations web.

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Hexcel (HXL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Hexcel (HXL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.