Air Lease Corp reports results for the quarter ended December 31 - Earnings Summary

• Air Lease Corp AL.N reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $1.89. The mean expectation of seven analysts for the quarter was for earnings of 74 cents per share. Wall Street expected results to range from 72 cents to 78 cents per share.

• Revenue fell 0.5% to $712.90 million from a year ago; analysts expected $704.03 million.

• Air Lease Corp's reported EPS for the quarter was 83 cents​.

• The company reported quarterly net income of $92.55 million.

• Air Lease Corp shares had fallen by 5.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.9% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the corporate financial services peer group is also "buy"

Wall Street's median 12-month price target for Air Lease Corp is $56.00

This summary was machine generated from LSEG data February 13 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)