We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AAR (AIR) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
AAR (AIR - Free Report) closed the most recent trading day at $51.81, moving -1.46% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 3.16%.
Heading into today, shares of the airplane maintenance company had gained 2.28% over the past month, outpacing the Aerospace sector's loss of 3.15% and the S&P 500's loss of 5.39% in that time.
AAR will be looking to display strength as it nears its next earnings release, which is expected to be March 21, 2023. On that day, AAR is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 28.57%. Our most recent consensus estimate is calling for quarterly revenue of $481.82 million, up 6.55% from the year-ago period.
AIR's full-year Zacks Consensus Estimates are calling for earnings of $3.03 per share and revenue of $1.9 billion. These results would represent year-over-year changes of +27.31% and +4.62%, respectively.
Investors might also notice recent changes to analyst estimates for AAR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AAR is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AAR is holding a Forward P/E ratio of 17.35. This represents a discount compared to its industry's average Forward P/E of 21.87.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AAR (AIR) Dips More Than Broader Markets: What You Should Know
AAR (AIR - Free Report) closed the most recent trading day at $51.81, moving -1.46% from the previous trading session. This change lagged the S&P 500's 0.15% loss on the day. Meanwhile, the Dow lost 0.28%, and the Nasdaq, a tech-heavy index, added 3.16%.
Heading into today, shares of the airplane maintenance company had gained 2.28% over the past month, outpacing the Aerospace sector's loss of 3.15% and the S&P 500's loss of 5.39% in that time.
AAR will be looking to display strength as it nears its next earnings release, which is expected to be March 21, 2023. On that day, AAR is projected to report earnings of $0.81 per share, which would represent year-over-year growth of 28.57%. Our most recent consensus estimate is calling for quarterly revenue of $481.82 million, up 6.55% from the year-ago period.
AIR's full-year Zacks Consensus Estimates are calling for earnings of $3.03 per share and revenue of $1.9 billion. These results would represent year-over-year changes of +27.31% and +4.62%, respectively.
Investors might also notice recent changes to analyst estimates for AAR. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AAR is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, AAR is holding a Forward P/E ratio of 17.35. This represents a discount compared to its industry's average Forward P/E of 21.87.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 149, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.