Air Lease Company (AL) is scheduled to report fourth-quarter 2024 outcomes on Feb. 13, after market shut.
Discover the most recent EPS estimates and surprises on Zacks Earnings Calendar.
The Zacks Consensus Estimate for AL’s fourth-quarter 2024 earnings has remained secure at $1.17 prior to now 90 days. The consensus mark implies a 38.1% decline from the year-ago reported determine.
Air Lease’s earnings outpaced the Zacks Consensus Estimate in two of the trailing 4 quarters, the typical beat being 10.26%. Nonetheless, the corporate missed the Zacks Consensus Estimate within the remaining two quarters.
Let’s see how issues have formed up for Air Lease this earnings season.
This autumn Expectations
The Zacks Consensus Estimate for Air Lease’s fourth-quarter 2024 revenues is pegged at $710.74 million, indicating a decline of 0.8% yr over yr.
The Zacks Consensus Estimate for rental of flight gear fourth-quarter revenues is pegged at $662 million, indicating 2.7% development from the year-ago reported determine. The uptick is prone to have been pushed by development in AL’s fleet. The Zacks Consensus Estimate for plane gross sales, buying and selling exercise and different sources’ fourth-quarter revenues is pegged at $48 million, indicating a 33.3% decline from the year-ago reported determine.
On the flip aspect, manufacturing delays at Boeing have been hurting the fleet-related plans of AL. Rising working bills because of greater promoting, common and administrative bills, curiosity bills and depreciation of flight gear prices may need acted as headwinds for AL’s bottom-line development. Increased curiosity expense because of a rise within the composite price of funds stays one other concern.
What Our Mannequin Says
Our confirmed mannequin doesn’t conclusively predict an earnings beat for Air Lease this time round. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Sturdy Purchase), 2 (Purchase) or 3 (Maintain) will increase the chances of an earnings beat. However that’s not the case right here. You’ll be able to uncover the most effective shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Air Lease has an Earnings ESP of 0.00% and a Zacks Rank #3.
Highlights of AL’s Q3 Earnings
Air Lease reported stable third-quarter 2024 outcomes, with earnings and revenues surpassing the Zacks Consensus Estimate. Quarterly earnings per share of $1.25 beat the Zacks Consensus Estimate of $1.22.
Whole revenues of $690.2 million lagged the Zacks Consensus Estimate of $681.7 million and grew 4.7% yr over yr.
Shares to Contemplate
Golar LNG Restricted GLNG has an Earnings ESP of +11.58% and a Zacks Rank #1 at current. GLNG is ready to launch fourth-quarter 2025 outcomes on Feb. 27. You’ll be able to see the complete list of today’s Zacks #1 Rank stocks here.
GLNG has an encouraging earnings shock historical past. It surpassed the Zacks Consensus Estimate in three of the previous 4 quarters and missed as soon as. The common beat is 30.2%.
Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VLRS , popularly generally known as Volaris, at the moment has an Earnings ESP of +4.27% and carries a Zacks Rank #3. Upbeat air journey demand is aiding the corporate. VLRS is slated to report fourth-quarter 2024 outcomes on Feb. 24.
VLRS has a powerful earnings shock historical past, having surpassed the Zacks Consensus Estimate in every of the previous 4 quarters, the typical beat being 159.54%.
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Air Lease Corporation (AL) : Free Stock Analysis Report
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report
Golar LNG Limited (GLNG) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
