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.
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 $1.76, which is better than the estimate ninety days ago.
Here’s how Air Lease Corp has been performing on an annual basis:
|Revenue ($) 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|
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)