HEICO Likely To Report Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
HEICO Corporation (NYSE:HEI) is expected to report lower Q4 earnings at 68 cents per share compared to 70 cents per share a year ago. Revenue is projected to be $908.34 million, up from $609.64 million. The company previously reported a 27% year-over-year revenue increase in Q3. HEICO shares recently fell 1.6% to $183.01. Analysts from Deutsche Bank, Benchmark, Baird, Morgan Stanley, and B of A Securities have provided various ratings and price targets for HEICO, with accuracy rates ranging from 62% to 82%.
December 15, 2023 | 3:22 pm
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HEICO Corporation is anticipated to report a slight decrease in Q4 earnings per share, but an increase in revenue compared to last year. The stock price recently fell, and analysts have provided varied ratings and price targets.
While HEICO is expected to report lower earnings per share, the projected increase in revenue could mitigate negative sentiment. The recent stock price decline may already reflect the anticipated earnings decrease. Analyst ratings and price targets suggest a mixed but generally positive outlook, which could lead to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100