Aircraft leasing company FTAI Aviation (NASDAQ: FTAI) will be reporting results this Wednesday after market hours. Here’s what investors should know.
FTAI Aviation beat analysts’ revenue expectations last quarter, reporting revenues of $830.7 million, up 65.5% year on year. It was a mixed quarter for the company, with a narrow beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS 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 27.9% year on year, slowing from the 52.4% 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 will 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 Q2 results, giving us a hint as to what we can expect. Richardson Electronics delivered year-on-year revenue growth of 27.6%, beating analysts’ expectations by 19.6%, and United Rentals reported revenues up 11.8%, topping estimates by 4.9%. Richardson Electronics traded up 21.2% following the results while United Rentals was also up 10.1%.
Read our full analysis of Richardson Electronics’s results here and United Rentals’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the industrial distributors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.3% on average over the last month. FTAI Aviation is down 19.2% during the same time and is heading into earnings with an average analyst price target of $383.60 (compared to the current share price of $213.08).
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