AerCap's Q4: EPS Win, Revenue Wobble, $500M Share Buyback & More
Portfolio Pulse from Lekha Gupta
AerCap Holdings N.V. (NYSE:AER) reported Q4 FY23 results with a 5% Y/Y increase in total lease revenue to $1.718 billion and a 4% rise in total revenues to $1.899 billion, missing consensus estimates. Adjusted EPS was $3.11, beating expectations. The company announced a $500M share buyback program and highlighted strong demand for its leasing and sales of aircraft, engines, and helicopters. Despite positive results and outlook, AER shares dropped by 1.06% to $77.74.
February 23, 2024 | 3:07 pm
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NEGATIVE IMPACT
AerCap reported a 5% Y/Y increase in lease revenue and a 4% rise in total revenues, missing estimates. Adjusted EPS beat expectations at $3.11. The company announced a $500M share buyback program. Despite positive results, shares fell by 1.06%.
Despite AerCap's positive earnings beat and the announcement of a significant share buyback program, the stock price declined, likely due to the revenue miss against consensus estimates. This suggests a short-term negative impact on the stock price, as market expectations on revenue performance were not met.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100