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

AAR

21/12/2023 23:01

* AAR Corp  AIR.N  reported quarterly adjusted earnings of
81
cents​​ per share for the quarter ended in November, higher than
the same quarter last year, when the company reported EPS of 69
cents.  The mean expectation of five analysts for the quarter
was for earnings of 80 cents per share. Wall Street expected
results to range from 76 cents to 82 cents per share.
    * Revenue rose 16.1% to $545.40 million from a year ago;
analysts
expected $557.15 million. 
    * AAR Corp's reported EPS for the quarter was 67 cents​.
    * The company reported quarterly net income of $23.8
million.
    * AAR Corp shares had risen by 19.2% this quarter and
gained 58.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$74.00 
This summary was machine generated from LSEG data December 21 at
11:01 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
 Nov. 30 2023      0.80           0.81           Beat
 Aug. 31 2023      0.71           0.78           Beat
 May. 31 2023      0.78           0.83           Beat
 Feb. 28 2023      0.70           0.75           Beat