AAR Corp reports results for the quarter ended in February - Earnings Summary

AAR

21/03/2024 22:01

* AAR Corp  AIR.N  reported quarterly adjusted earnings of
85
cents​​ per share for the quarter ended in February, higher than
the same quarter last year, when the company reported EPS of 75
cents.  The mean expectation of six analysts for the quarter was
for earnings of 84 cents per share. Wall Street expected
results to range from 81 cents to 86 cents per share.
    * Revenue rose 8.9% to $567.30 million from a year ago;
analysts
expected $569.58 million. 
    * AAR Corp's reported EPS for the quarter was 39 cents​.
    * The company reported quarterly net income of $14 million.
    * AAR Corp shares had risen by 3.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the aerospace &
defense
peer group is also "buy"

Wall Street's median 12-month price target for AAR Corp is
$80.50 
This summary was machine generated from LSEG data March 21 at
10:00 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.84           0.85           Beat
 Nov. 30 2023      0.80           0.81           Beat
 Aug. 31 2023      0.71           0.78           Beat
 May. 31 2023      0.78           0.83           Beat