Aircraft leasing company FTAI Aviation (NASDAQ: FTAI) will be announcing earnings results this Monday after market close. Here’s what to expect.
FTAI Aviation beat analysts’ revenue expectations by 5.8% last quarter, reporting revenues of $676.2 million, up 52.4% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.
Is FTAI Aviation a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting FTAI Aviation’s revenue to grow 42.9% year on year to $665.5 million, slowing from the 60% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.20 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FTAI Aviation has missed Wall Street’s revenue estimates twice over the last two years.
Looking at FTAI Aviation’s peers in the industrial distributors segment, some have already reported their Q3 results, giving us a hint as to what we can expect. GATX delivered year-on-year revenue growth of 8.4%, beating analysts’ expectations by 0.8%, and Richardson Electronics reported revenues up 1.6%, topping estimates by 6%. GATX traded down 4.7% following the results while Richardson Electronics was up 11.4%.
Read our full analysis of GATX’s results here and Richardson Electronics’s results here.
There has been positive sentiment among investors in the industrial distributors segment, with share prices up 3.7% on average over the last month. FTAI Aviation is up 10.9% during the same time and is heading into earnings with an average analyst price target of $216.70 (compared to the current share price of $182.90).
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