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

• AerSale Corp ASLE.OQ reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of two analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 7 cents to 11 cents per share.

• Revenue rose 0.3% to $94.74 million from a year ago; analysts expected $91.77 million.

• AerSale Corp's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $2.7 million.

• AerSale Corp shares had risen by 10.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 17.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

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

• The average consensus recommendation for the aerospace & defense peer group is "hold."

Wall Street's median 12-month price target for AerSale Corp is $8.00

This summary was machine generated from LSEG data March 6 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)