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What Analyst Projections for Key Metrics Reveal About Air Lease (AL) Q4 Earnings
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Analysts on Wall Street project that Air Lease (AL - Free Report) will announce quarterly earnings of $1.10 per share in its forthcoming report, representing a decline of 9.1% year over year. Revenues are projected to reach $683.51 million, increasing 13.6% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Air Lease metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenues- Aircraft sales, trading and other' to reach $67.77 million. The estimate points to a change of +68.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Rental of flight equipment' should arrive at $616.50 million. The estimate points to a change of +9.8% from the year-ago quarter.
The consensus estimate for 'Total Number of Aircraft in Service - Owned fleet' stands at 465. Compared to the present estimate, the company reported 417 in the same quarter last year.
Over the past month, shares of Air Lease have returned +5.3% versus the Zacks S&P 500 composite's +5.8% change. Currently, AL carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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What Analyst Projections for Key Metrics Reveal About Air Lease (AL) Q4 Earnings
Analysts on Wall Street project that Air Lease (AL - Free Report) will announce quarterly earnings of $1.10 per share in its forthcoming report, representing a decline of 9.1% year over year. Revenues are projected to reach $683.51 million, increasing 13.6% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Air Lease metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenues- Aircraft sales, trading and other' to reach $67.77 million. The estimate points to a change of +68.1% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Rental of flight equipment' should arrive at $616.50 million. The estimate points to a change of +9.8% from the year-ago quarter.
The consensus estimate for 'Total Number of Aircraft in Service - Owned fleet' stands at 465. Compared to the present estimate, the company reported 417 in the same quarter last year.
View all Key Company Metrics for Air Lease here>>>
Over the past month, shares of Air Lease have returned +5.3% versus the Zacks S&P 500 composite's +5.8% change. Currently, AL carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>