AAR Corp expected to post earnings of 85 cents a share - Earnings Preview

AAR

16/07/2024 22:02

* AAR Corp  AIR.N   AIR  is expected to show a rise in
quarterly
revenue when it reports  results on July 18 for the period
ending May 31 2024
    * The Wood Dale Illinois-based  company is expected to
report a
19.1% increase in revenue to $658.933 million from $553.3
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on March 21
2024, for the period ended May 31, was for revenue between
$636.30 million and $652.89 million.
    * ​LSEG's mean analyst estimate for AAR Corp is for earnings
of 85
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
$82.00​, above​ its last closing price of $75.54. ​​​

The company's guidance on March 21 2024 for the period ended May
31 was for Earnings before Interest and Taxes between USD57.267
million and USD58.7601 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.83        0.84       0.85      Beat    1.7
 Nov. 30 0001  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.        0.70        0.70       0.75      Beat    6.6
 28 2023                                                
 Nov. 30 2022  0.68        0.68       0.69      Beat    1.8​
 Jan. 1 0001   0.57        0.57       0.61      Beat    6.4
 May. 31 2022  0.68        0.67       0.72      Beat    7.5
 This summary was machine generated July 16 at 21:02 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)