AAR Corp expected to post earnings of 84 cents a share - Earnings Preview

AAR

19/03/2024 21:52

* AAR Corp  AIR.N   AIR  is expected to show a rise in
quarterly
revenue when it reports  results on March 21 for the period
ending February 29 2024
    * The Wood Dale Illinois-based  company is expected to
report a
9.3% increase in revenue to $569.578 million from $521.1 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on December 21 2023,
for the period ended February 29, was for revenue between
$562.79 million and $573.21 million.
    * ​LSEG's mean analyst estimate for AAR Corp is for earnings
of 84
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for AAR Corp is
$80.50​, above​ its last closing price of $63.10. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Nov. 30 2023  0.81        0.80       0.81      Beat    1.5
 Aug. 31 2023  0.72        0.71       0.78      Beat    10.6
 May. 31 2023  0.78        0.78       0.83      Beat    6.7​
 Feb. 28 2023  0.70        0.70       0.75      Beat    6.6
 ​​Nov.        0.68        0.68       0.69      Beat    1.8
 30 2022                                                
 Aug. 31 2022  0.57        0.57       0.61      Beat    6.4​
 May. 31 2022  0.68        0.67       0.72      Beat    7.5
 Feb. 28 2022  0.59        0.58       0.63      Beat    8
 This summary was machine generated March 19 at 21:52 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)