Aerospace and defense company AerSale (NASDAQ:ASLE) will be reporting earnings this Wednesday after market close. Here’s what investors should know.
AerSale missed analysts’ revenue expectations by 26.3% last quarter, reporting revenues of $65.78 million, down 27.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ adjusted operating income estimates and a significant miss of analysts’ EBITDA estimates.
Is AerSale a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AerSale’s revenue to grow 12% year on year to $86.33 million, in line with the 11.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.03 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AerSale has missed Wall Street’s revenue estimates six times over the last two years.
Looking at AerSale’s peers in the aerospace segment, some have already reported their Q2 results, giving us a hint as to what we can expect. AAR delivered year-on-year revenue growth of 14.9%, beating analysts’ expectations by 8.6%, and Textron reported revenues up 5.4%, topping estimates by 2.4%. AAR traded up 13.4% following the results while Textron was down 8.9%.
Read our full analysis of AAR’s results here and Textron’s results here.
Investors in the aerospace segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. AerSale is up 2.6% during the same time and is heading into earnings with an average analyst price target of $6.50 (compared to the current share price of $6.22).
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.