AerSale Corp reports results for the quarter ended June 30 - Earnings Summary

• AerSale Corp ASLE.OQ reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of two analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 5 cents per share.

• Revenue rose 39.3% to $107.38 million from a year ago; analysts expected $86.34 million.

• AerSale Corp's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $8.58 million.

• AerSale Corp shares had risen by 1.7% this quarter and lost 3.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 64.7% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 also "buy"

• Wall Street's median 12-month price target for AerSale Corp is $6.50, about 5.2% above its last closing price of $6.16

This summary was machine generated from LSEG data August 7 at 12:11 a.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)