HEICO Corp reports results for the quarter ended October 31 - Earnings Summary

• HEICO Corp HEI.N reported quarterly adjusted earnings of $1.20​​ per share for the quarter ended October 31, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 95 cents per share. Wall Street expected results to range from 92 cents to $1.04 per share.

• Revenue rose 10% to $1.01 billion from a year ago; analysts expected $979.62 million.

• HEICO Corp's reported EPS for the quarter was $1.20​.

• The company reported quarterly net income of $139.69 million.

• HEICO Corp shares had fallen by 4.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell."

• The average consensus recommendation for the aerospace & defense peer group is also "buy"

Wall Street's median 12-month price target for HEICO Corp is $270.00

This summary was machine generated from LSEG data February 27 at 03:26 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)