Air Lease Q1 Adj $1.31 Beats $0.91 Estimate, Sales $663.31M Miss $679.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Lease (NYSE:AL) reported Q1 earnings of $1.31 per share, surpassing the $0.91 estimate, a 43.96% beat but a 12.67% decrease from last year's $1.50. Sales were $663.31M, missing the $679.81M estimate by 2.43%, yet marking a 4.27% increase from last year's $636.14M.
May 06, 2024 | 8:07 pm
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NEUTRAL IMPACT
Air Lease reported higher-than-expected Q1 earnings per share but missed on sales estimates, showing mixed financial performance.
The beat on earnings per share (EPS) is positive, indicating operational efficiency and profitability that could appeal to investors. However, the miss on sales forecasts suggests potential challenges in revenue growth, creating a mixed sentiment. The decrease in EPS compared to the previous year might concern some investors, but the increase in sales year-over-year indicates some level of growth. Overall, the mixed results make the short-term impact on the stock price uncertain, leaning towards a neutral outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100