Earnings Preview: AAR
Portfolio Pulse from Benzinga Insights
AAR Corp (NYSE:AIR) is scheduled to release its quarterly earnings report on December 21, 2023. Analysts predict an EPS of $0.81. Investors are looking for an earnings beat and positive guidance for future growth. Historically, AAR's stock price has been sensitive to earnings performance and guidance. Last quarter, AAR beat the EPS estimate by $0.05, leading to a 2.47% stock price increase the following day. Over the past year, AAR shares have risen by 71.89%, indicating a bullish sentiment among long-term shareholders.
December 20, 2023 | 2:01 pm
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AAR Corp is anticipated to report quarterly earnings with an expected EPS of $0.81. Positive past earnings performance and a 71.89% increase in stock price over the past year may lead to bullish sentiment if earnings beat estimates and guidance is favorable.
Given AAR's history of stock price increases following an earnings beat, and the overall positive performance over the past year, there is a high likelihood of a positive short-term impact on AIR's stock price if they report earnings that exceed expectations and provide optimistic future guidance. The 71.89% increase in stock price over the past 52 weeks suggests a strong bullish trend that could be reinforced by a positive earnings report.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100