We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
FTAI Aviation (FTAI) Stock Jumps 5.8%: Will It Continue to Soar?
Read MoreHide Full Article
FTAI Aviation (FTAI - Free Report) shares rallied 5.8% in the last trading session to close at $222.49. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.8% loss over the past four weeks.
FTAI Aviation shares jumped after the company announced that its joint venture, J&F Power Systems, has signed a five-year master supply agreement with a leading international cloud service provider and received an initial purchase order worth $1.465 billion for Mod-1 mobile gas turbine generator sets.
The contract validates FTAI's strategy of repurposing CFM56 aircraft engines into gas turbines for AI data centers. It enhances long-term revenue visibility, supports growth of its power business, diversifies revenue beyond aviation, and creates opportunities for additional orders under the master agreement.
This transportation infrastructure company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of -15.9%. Revenues are expected to be $859.32 million, up 27.1% 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, Moog (MOG.A - Free Report) , finished the last trading session 0.6% lower at $402.91. MOG.A has returned 0.8% over the past month.
For Moog, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.65. This represents a change of +11.8% from what the company reported a year ago. Moog currently has a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
Image: Bigstock
FTAI Aviation (FTAI) Stock Jumps 5.8%: Will It Continue to Soar?
FTAI Aviation (FTAI - Free Report) shares rallied 5.8% in the last trading session to close at $222.49. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.8% loss over the past four weeks.
FTAI Aviation shares jumped after the company announced that its joint venture, J&F Power Systems, has signed a five-year master supply agreement with a leading international cloud service provider and received an initial purchase order worth $1.465 billion for Mod-1 mobile gas turbine generator sets.
The contract validates FTAI's strategy of repurposing CFM56 aircraft engines into gas turbines for AI data centers. It enhances long-term revenue visibility, supports growth of its power business, diversifies revenue beyond aviation, and creates opportunities for additional orders under the master agreement.
This transportation infrastructure company is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of -15.9%. Revenues are expected to be $859.32 million, up 27.1% 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, Moog (MOG.A - Free Report) , finished the last trading session 0.6% lower at $402.91. MOG.A has returned 0.8% over the past month.
For Moog, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $2.65. This represents a change of +11.8% from what the company reported a year ago. Moog currently has a Zacks Rank of #3 (Hold).