Spirit AeroSystems (SPR) Misses Q1 EPS by 336c; Won't provide guidance

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Spirit AeroSystems (SPR) PT Raised to $35 at RBC Capital

May 8, 2024 6:32 AM EDT

RBC Capital analyst Ken Herbert raised the price target on Spirit AeroSystems (NYSE: SPR) to $35.00 (from $33.00) while maintaining a Sector Perform rating.

The analyst comments "Spirit AeroSystems (SPR) reported adj. 1Q24 EPS of ($3.93) and FCF usage of ($444M). SPR delivered only 44 737 MAXs,... More

Spirit (SPR) stock slides on significant Q1 loss, says it won't provide guidance

May 7, 2024 7:42 AM EDT

Spirit AeroSystems (NYSE: SPR) saw its shares tumble 4.6% in premarket trading Tuesday, after the company reported a much worse-than-expected quarterly loss.

In particular, the firm posted a Q1 loss per share of $3.93, significantly missing analysts' estimate of a $0.57 loss. Quarterly revenue reached $1.7 billion, surpassing the... More