AerSale Q2 2024 Adj. EPS $(0.05) Misses $0.10 Estimate, Sales $77.101M Miss $87.133M Estimate
Portfolio Pulse from Benzinga Newsdesk
AerSale (NASDAQ:ASLE) reported Q2 2024 adjusted EPS of $(0.05), missing the $0.10 estimate by 150%. Sales were $77.101M, missing the $87.133M estimate by 11.51%, but up 11.22% from $69.326M last year.
August 07, 2024 | 8:27 pm
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NEGATIVE IMPACT
AerSale reported Q2 2024 adjusted EPS of $(0.05), missing the $0.10 estimate by 150%. Sales were $77.101M, missing the $87.133M estimate by 11.51%, but up 11.22% from $69.326M last year.
The significant miss on both EPS and sales estimates is likely to negatively impact AerSale's stock price in the short term. Despite the year-over-year sales increase, the market is expected to react unfavorably to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100