Aircastle Earnings: Here’s Why Investors are Buying Shares Now

Aircastle LTD (NYSE:AYR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.12%.

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Aircastle LTD Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 11.11% to $0.4 in the quarter versus EPS of $0.45 in the year-earlier quarter.

Revenue: Rose 6.84% to $176.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Aircastle LTD reported adjusted EPS income of $0.4 per share. By that measure, the company beat the mean analyst estimate of $0.27. It beat the average revenue estimate of $166.67 million.

Quoting Management: Commenting on the results, Ron Wainshal, Aircastle’s CEO, stated: “Effective portfolio management was a major driver of our solid first quarter results, as we demonstrated both our aircraft servicing skills as well as our ability to exit end-of-life aircraft investments profitably. Additionally, our aircraft purchase commitments for 2013 increased to more than $450 million, and we are encouraged by the growth in our new investment pipeline. With nearly $700 million in unrestricted cash and strong operating cash flow, Aircastle is in an excellent position to pursue accretive new purchase opportunities.”

Key Stats (on next page)…

Revenue decreased 0.23% from $176.61 million in the previous quarter. EPS decreased 23.08% from $0.52 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.38 and has not changed. For the current year, the average estimate has moved down from a profit of $1.67 to a profit of $1.53 over the last ninety days.

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