Air Lease Corp Earnings Preview: Get Ahead of the Analysts

Air Lease Corp (NYSE:AL) will report earnings after markets close on Thursday, May 9th. Air Lease Corporation is an aircraft leasing company. The Company is principally engaged in purchasing commercial aircraft and leasing to airlines around the world. Air Lease operates on a global basis, providing aircraft to airline customers in regions that include Asia, the Pacific Rim, Latin America, the Middle East and Eastern Europe.

Here is your Cheat Sheet to Air Lease Corp Earnings:

Earnings Expectations: Analysts expect earnings of $0.38 per share on revenues of $195.98 million. Currently, the company’s P/E ratio stands at 21.67.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.43 to a profit $0.42. For the current year, the average estimate is a profit of $1.76, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Air Lease Corp has been performing on an annual basis:

Fiscal Year 2011 2012
Revenue ($) in millions 336.74 655.75
Diluted EPS ($) 0.59 1.28

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 115.06 132.55 158.17 174.92 190.10
Diluted EPS ($) 0.2385 0.26 0.28 0.36 0.3689

Past Performance:
Air Lease Corp has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)