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FTAI Aviation (FTAI) Soars 6.0%: Is Further Upside Left in the Stock?
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FTAI Aviation (FTAI - Free Report) shares soared 6% in the last trading session to close at $21.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.3% gain over the past four weeks.
The latest uptick in the share performance of FTAI Aviation can be attributed to the company’s recently completed acquisition of all the assets of iAero Thrust.
This transportation infrastructure company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +1325%. Revenues are expected to be $219.97 million, up 50.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For FTAI Aviation, 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 FTAI going forward to see if this recent jump can turn into more strength down the road.
FTAI Aviation 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 1% lower at $61.32. HXL has returned 5.9% over the past month.
For Hexcel, the consensus EPS estimate for the upcoming report has changed -9.5% over the past month to $0.31. This represents a change of +93.8% from what the company reported a year ago. Hexcel currently has a Zacks Rank of #5 (Strong Sell).
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FTAI Aviation (FTAI) Soars 6.0%: Is Further Upside Left in the Stock?
FTAI Aviation (FTAI - Free Report) shares soared 6% in the last trading session to close at $21.18. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.3% gain over the past four weeks.
The latest uptick in the share performance of FTAI Aviation can be attributed to the company’s recently completed acquisition of all the assets of iAero Thrust.
This transportation infrastructure company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +1325%. Revenues are expected to be $219.97 million, up 50.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For FTAI Aviation, 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 FTAI 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 >>>>
FTAI Aviation 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 1% lower at $61.32. HXL has returned 5.9% over the past month.
For Hexcel, the consensus EPS estimate for the upcoming report has changed -9.5% over the past month to $0.31. This represents a change of +93.8% from what the company reported a year ago. Hexcel currently has a Zacks Rank of #5 (Strong Sell).