Heico Corp Reports Results For The Quarter Ended October 31: Earnings Summary

Heico

17/12/2024 22:37

* HEICO Corp  HEI.N  reported quarterly adjusted earnings of
99
cents​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 74
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 98 cents per share. Wall Street
expected results to range from 92 cents to $1.05 per share.
    * Revenue rose 8.2% to $1.01 billion from a year ago;
analysts
expected $1.03 billion. 
    * HEICO Corp's reported EPS for the quarter was 99 cents​.
    * The company reported quarterly net income of $139.69
million.
    * HEICO Corp shares had risen by 0.5% this quarter and
gained 46.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 13 "strong buy" or "buy," 7
"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 HEICO Corp is
$278.50 
This summary was machine generated from LSEG data December 17 at
10:36 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
 Oct. 31 2024      0.98           0.99           Beat
 Jul. 31 2024      0.92           0.97           Beat
 Apr. 30 2024      0.81           0.88           Beat
 Jan. 31 2024      0.74           0.82           Beat