AerSale Corp reports results for the quarter ended in December - Earnings Summary

Aersale

08/03/2024 03:56

* AerSale Corp  ASLE.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of four analysts for the quarter
was for earnings of 45 cents per share. Wall Street expected
results to range from 41 cents to 50 cents per share.
    * Revenue fell 0.7% to $94.42 million from a year ago;
analysts
expected $156.37 million. 
    * AerSale Corp's reported EPS for the quarter was a loss
of 8
cents​.
    * The company reported a quarterly loss of $2.73 million.
    * AerSale Corp shares had fallen by 27.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," 2
"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 AerSale Corp is
$16.50 
This summary was machine generated from LSEG data March 8 at
03:55 a.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
 Dec. 31 2023      0.45           -0.02          Missed
 Sep. 30 2023      0.21           0.03           Missed
 Jun. 30 2023      0.12           -0.01          Missed
 Mar. 31 2023      0.15           0.07           Missed