Recap: AerSale Q4 Earnings
Portfolio Pulse from Benzinga Insights
AerSale (NASDAQ:ASLE) reported Q4 earnings with an EPS of $-0.02, missing estimates by -104.0% against an expected $0.45. Revenue decreased by $678 thousand from the previous year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 13.0% drop in share price the following day.
March 07, 2024 | 9:50 pm
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AerSale's Q4 earnings missed estimates significantly, with an EPS of $-0.02 against an expected $0.45, and a revenue decrease from the previous year.
Given AerSale's history of missing EPS estimates and the subsequent negative impact on its share price, the significant miss in Q4 earnings is likely to lead to a short-term decrease in share price. The pattern of underperformance in earnings and the immediate past reaction of a 13.0% drop in share price the day after last quarter's earnings report suggest a similar outcome.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100