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

Air Lease

06/05/2024 22:02

* Air Lease Corp  AL.N  reported quarterly adjusted earnings
of 87
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.06. 
The mean expectation of seven analysts for the quarter was
for earnings of 91 cents per share. Wall Street expected
results to range from 72 cents to 96 cents per share.
    * Revenue rose 4.3% to $663.31 million from a year ago;
analysts
expected $677.21 million. 
    * Air Lease Corp's reported EPS for the quarter was 87
cents​.
    * The company reported quarterly net income of $97.44
million.
    * Air Lease Corp shares had fallen by 0.1% this quarter and
gained 22.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$55.50 
This summary was machine generated from LSEG data May 6 at 09:01
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
 Mar. 31 2024      0.91           0.87           Missed
 Dec. 31 2023      1.08           1.89           Beat
 Sep. 30 2023      1.03           1.10           Beat
 Jun. 30 2023      1.07           1.10           Beat