Spirit (SPR) stock slides on significant Q1 loss, says it 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 AeroSystems (SPR) Misses Q1 EPS by 336c; Won't provide guidance

May 7, 2024 7:33 AM EDT

Spirit AeroSystems (NYSE: SPR) reported Q1 EPS of ($3.93), $3.36 worse than the analyst estimate of ($0.57). Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.62 billion.

2024 Financial Outlook

Spirit will not be providing guidance until there is further clarity on the acquisition... More