AAR (AIR - Free Report) shares soared 5% in the last trading session to close at $52.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.2% gain over the past four weeks.
The latest uptick in the share performance of AAR Corp. can be attributed to the recent receipt of the Buy rating by this stock from a few analysts, as reported by Marketbeat.com
This airplane maintenance company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +68.1%. Revenues are expected to be $473.91 million, up 8.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For AAR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AIR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
AAR is a member of the Zacks Aerospace - Defense Equipment industry. One other stock in the same industry, Hexcel (HXL - Free Report) , finished the last trading session 2.1% higher at $59.82. HXL has returned 11.3% over the past month.
For Hexcel, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.31. This represents a change of +287.5% from what the company reported a year ago. Hexcel currently has a Zacks Rank of #3 (Hold).
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AAR (AIR - Free Report) shares soared 5% in the last trading session to close at $52.35. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 10.2% gain over the past four weeks.
The latest uptick in the share performance of AAR Corp. can be attributed to the recent receipt of the Buy rating by this stock from a few analysts, as reported by Marketbeat.com
This airplane maintenance company is expected to post quarterly earnings of $0.79 per share in its upcoming report, which represents a year-over-year change of +68.1%. Revenues are expected to be $473.91 million, up 8.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For AAR, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AIR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
AAR is a member of the Zacks Aerospace - Defense Equipment industry. One other stock in the same industry, Hexcel (HXL - Free Report) , finished the last trading session 2.1% higher at $59.82. HXL has returned 11.3% over the past month.
For Hexcel, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.31. This represents a change of +287.5% from what the company reported a year ago. Hexcel currently has a Zacks Rank of #3 (Hold).
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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