Why AerCap Shares Are Rising Today
Portfolio Pulse from Shivani Kumaresan
AerCap Holdings N.V. (NYSE:AER) reported a 10% YoY growth in total lease revenue for Q2 FY23, reaching $1.72 billion, but missed the analyst consensus of $1.82 billion. The company's total revenues and other income rose 15% to $1.92 billion. Adjusted EPS of $2.56 beat the analyst consensus of $2.06. AerCap also announced a new share repurchase program authorizing total repurchases of up to $500 million of its ordinary shares through December 31, 2023. The company raised the FY23 adjusted EPS guidance to $8.50-$9.00.
July 31, 2023 | 12:25 pm
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POSITIVE IMPACT
AerCap's Q2 FY23 results show mixed performance with revenue growth but missed analyst consensus. The company's adjusted EPS beat expectations and a new share repurchase program was announced. The FY23 adjusted EPS guidance was raised.
AerCap's Q2 FY23 results show a mixed performance with revenue growth but missed analyst consensus, which could have a mixed impact on investor sentiment. However, the company's adjusted EPS beat expectations, which is a positive signal for investors. The announcement of a new share repurchase program could also boost investor confidence as it indicates the company's confidence in its own stock. The raised FY23 adjusted EPS guidance could further boost investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100