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Air Lease (AL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2023, Air Lease (AL - Free Report) reported revenue of $672.9 million, up 20.7% over the same period last year. EPS came in at $1.10, compared to $0.95 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $657.68 million, representing a surprise of +2.32%. The company delivered an EPS surprise of +0.92%, with the consensus EPS estimate being $1.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Air Lease performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total Number of Aircraft in Service - Owned fleet: 448 compared to the 441.27 average estimate based on two analysts.
Revenues- Aircraft sales, trading and other: $61.17 million versus $16.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +392.3% change.
Revenues- Rental of flight equipment: $611.73 million compared to the $628.98 million average estimate based on two analysts. The reported number represents a change of +12.2% year over year.
Shares of Air Lease have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Air Lease (AL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, Air Lease (AL - Free Report) reported revenue of $672.9 million, up 20.7% over the same period last year. EPS came in at $1.10, compared to $0.95 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $657.68 million, representing a surprise of +2.32%. The company delivered an EPS surprise of +0.92%, with the consensus EPS estimate being $1.09.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Air Lease performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total Number of Aircraft in Service - Owned fleet: 448 compared to the 441.27 average estimate based on two analysts.
- Revenues- Aircraft sales, trading and other: $61.17 million versus $16.44 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +392.3% change.
- Revenues- Rental of flight equipment: $611.73 million compared to the $628.98 million average estimate based on two analysts. The reported number represents a change of +12.2% year over year.
View all Key Company Metrics for Air Lease here>>>Shares of Air Lease have returned +0.5% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.