Air Lease Corp reports results for the quarter ended in June - Earnings Summary

Air Lease

01/08/2024 22:22

* Air Lease Corp  AL.N  reported quarterly adjusted earnings
of 81
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.10. 
The mean expectation of six analysts for the quarter was
for earnings of 90 cents per share. Wall Street expected
results to range from 87 cents to 92 cents per share.
    * Revenue fell 0.8% to $667.29 million from a year ago;
analysts
expected $684.97 million. 
    * Air Lease Corp's reported EPS for the quarter was 81
cents​.
    * The company reported quarterly net income of $90.44
million.
    * Air Lease Corp shares had risen by 4.4% this quarter and
gained 18.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19.1%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the business
support
services peer group is also "buy"

Wall Street's median 12-month price target for Air Lease Corp is
$56.50 
This summary was machine generated from LSEG data August 1 at
09:22 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
 Jun. 30 2024      0.90           0.81           Missed
 Mar. 31 2024      0.94           0.87           Missed
 Dec. 31 2023      1.08           1.89           Beat
 Sep. 30 2023      1.03           1.10           Beat