Recap: AerSale Q3 Earnings
Portfolio Pulse from Benzinga Insights
AerSale (NASDAQ:ASLE) reported its Q3 earnings, missing estimated earnings by 85.71% with an EPS of $0.03 versus an estimate of $0.21. However, revenue was up $41.48 million from the same period last year. Last quarter, the company also missed on EPS by $0.14, which was followed by a 25.14% drop in the share price the next day.
November 08, 2023 | 9:25 pm
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NEGATIVE IMPACT
AerSale's Q3 earnings missed estimates significantly, which could negatively impact the stock price in the short term. This follows a similar trend from last quarter.
AerSale's significant miss on earnings estimates is likely to negatively impact investor sentiment and could lead to a drop in the stock price. This is especially likely given the similar trend observed last quarter, where a miss on EPS was followed by a 25.14% drop in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100