AerSale Corp reports results for the quarter ended September 30 - Earnings Summary

Aersale

08/11/2024 21:48

* AerSale Corp  ASLE.OQ  reported quarterly adjusted
earnings of 4
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of three analysts for the
quarter was for earnings of 5 cents per share. Wall Street
expected results to range from 5 cents to 6 cents per share.
    * Revenue fell 10.6% to $82.68 million from a year ago;
analysts
expected $92.83 million. 
    * AerSale Corp's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $509
thousand.
    * AerSale Corp shares had risen by 16.8% this quarter and
lost 53.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 26.4%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the aerospace &
defense
peer group is also "hold"

Wall Street's median 12-month price target for AerSale Corp is
$8.00 
This summary was machine generated from LSEG data November 8 at
09:48 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
 Sep. 30 2024      0.05           0.04           Missed
 Jun. 30 2024      0.10           -0.05          Missed
 Mar. 31 2024      0.04           0.11           Beat
 Dec. 31 2023      0.45           -0.02          Missed