AAR's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
AAR (NYSE:AIR) is scheduled to release its quarterly earnings report on March 21, 2024, with an estimated EPS of $0.84. Analysts and investors are keen on whether AAR will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions to past earnings, with the last quarter's miss leading to a 10.2% drop in share price. AAR's stock has risen 17.58% over the last 52 weeks, indicating a generally positive outlook from long-term shareholders.
March 20, 2024 | 2:00 pm
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NEUTRAL IMPACT
AAR is anticipated to report an EPS of $0.84 for the upcoming quarter. Historical performance shows sensitivity to earnings reports, with a notable 10.2% drop after the last miss. The stock has gained 17.58% over the past year, indicating a positive trend.
Given AAR's history of stock price sensitivity to earnings reports and guidance, the upcoming report could sway the stock in either direction. The expected EPS of $0.84 sets a benchmark for performance. Historical data indicates that missing or beating estimates can lead to significant price changes. However, the overall positive yearly trend suggests underlying strength, making the short-term impact uncertain but potentially significant.
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IMPORTANCE 90
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