Aerospace and defense company AerSale (NASDAQ: ASLE) will be reporting earnings tomorrow after market close. Here’s what you need to know.
AerSale beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $94.74 million, flat year on year. It was an exceptional quarter for the company, with an impressive beat 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 decline 1.4% year on year to $89.29 million, a reversal from the 15.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.09 per share.
Analysts covering the company have generally 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 Q1 results, giving us a hint as to what we can expect. Boeing delivered year-on-year revenue growth of 17.7%, missing analysts’ expectations by 0.6%, and Textron reported revenues up 5.5%, topping estimates by 2.3%. Boeing traded up 8.5% following the results while Textron was also up 3.5%.
Read our full analysis of Boeing’s results here and Textron’s results here.
There has been positive sentiment among investors in the aerospace segment, with share prices up 12.3% on average over the last month. AerSale is up 3.7% during the same time and is heading into earnings with an average analyst price target of $8 (compared to the current share price of $7.00).
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