FTAI Aviation Q3 2024 GAAP EPS $0.76 Misses $0.78 Estimate, Sales $465.79M Beat $421.04M Estimate
Portfolio Pulse from Benzinga Newsdesk
FTAI Aviation reported Q3 2024 earnings per share of $0.76, missing the consensus estimate of $0.78. However, sales were $465.79 million, surpassing the expected $421.04 million. This represents a significant year-over-year increase in both earnings and sales.
October 30, 2024 | 8:20 pm
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FTAI Aviation's Q3 2024 earnings per share of $0.76 missed the consensus estimate of $0.78, but sales of $465.79 million exceeded expectations. The company showed strong year-over-year growth in both earnings and sales.
Despite missing EPS estimates by a small margin, FTAI Aviation's significant sales beat and strong year-over-year growth in both earnings and sales are likely to positively impact the stock price in the short term. The market may focus more on the sales beat and growth trajectory.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100