Preview: Air Lease's Earnings
Portfolio Pulse from Benzinga Insights
Air Lease (NYSE:AL) is scheduled to release its quarterly earnings report on February 15, 2024, with analysts expecting an EPS of $1.08. Historical data shows mixed reactions to past earnings, with the last quarter beating estimates but followed by a 2.07% drop in share price. Over the last year, AL shares have declined by 6.12%, indicating potential concern among long-term shareholders ahead of the earnings announcement.
February 14, 2024 | 4:01 pm
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NEUTRAL IMPACT
Air Lease is expected to report an EPS of $1.08 for the quarter. Historical performance shows volatility in stock price post-earnings, with a general downtrend over the past year.
Given the historical volatility in Air Lease's stock price following earnings announcements, the upcoming report could have a neutral to slightly negative impact. The anticipation of the earnings beat and guidance will be key factors. However, the overall negative trend over the past year and the mixed reactions to past earnings suggest caution.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100