Aircraft leasing company FTAI Aviation (NASDAQ: FTAI) will be announcing earnings results this Wednesday after market hours. Here’s what to expect.
FTAI Aviation missed analysts’ revenue expectations last quarter, reporting revenues of $662 million, up 32.7% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss 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, the market is expecting FTAI Aviation’s revenue to grow 47.6% year on year, slowing from the 53.7% increase it recorded in the same quarter last year.
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 multiple times over the last two years.
Looking at FTAI Aviation’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 3.1%, beating analysts’ expectations by 4.4%, and Custom Truck One Source reported revenues up 9.3%, topping estimates by 1.6%. Richardson Electronics traded up 22.7% following the results.
Read our full analysis of Richardson Electronics’s results here and Custom Truck One Source’s results here.
There has been positive sentiment among investors in the industrial distributors segment, with share prices up 15.1% on average over the last month. FTAI Aviation is up 2.6% during the same time and is heading into earnings with an average analyst price target of $338.90 (compared to the current share price of $234.67).
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