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

Aersale

09/05/2024 12:09

* AerSale Corp  ASLE.OQ  reported quarterly adjusted
earnings of
11 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of four analysts for the
quarter was for earnings of 4 cents per share. Wall Street
expected results to range from 1 cents to 8 cents per share.
    * Revenue rose 15.7% to $90.54 million from a year ago;
analysts
expected $85.42 million. 
    * AerSale Corp's reported EPS for the quarter was 12 cents​.
    * The company reported quarterly net income of $6.28
million.
    * AerSale Corp shares had risen by 5.2% this quarter and
lost 40.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 73.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$11.00 
This summary was machine generated from LSEG data May 9 at 11:09
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
 Mar. 31 2024      0.04           0.11           Beat
 Dec. 31 2023      0.45           -0.02          Missed
 Sep. 30 2023      0.21           0.03           Missed
 Jun. 30 2023      0.12           -0.01          Missed