Aersale Corp Down 9.49% To $13.70 After Earnings Miss

Thursday, November 9, 2023 - Aersale Corp (ASLE) reported downside earnings and revenues today.

Aersale Corp's earnings came in at an EPS of $0.03 per share, 86% lower than estimates for an EPS of $0.21 per share. The firm's earnings are up 200% since reporting losses of $0.03 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Consensus estimates for Aersale Corp revenue averaged out to $114.5 million, with the business missing on those expectations with reported third-quarter revenue of $92.5 million. The $22 million (19%) negative revenue surprise led to 81% growth year-over-year as the firm reported revenue of $51 million in its year-ago quarter. The higher earnings growth compared to revenue points to Aersale Corp improving its profit margin.

The stock is down 9.49% to $13.70 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Aersale Corp a Bearish Sentiment Rank from InvestorsObserver.

Aersale Corp has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 89, putting Aersale Corp in the top 25% of stocks. The firm set a 52-week low on August 9, 2023 at $10.39 and set a 52-week high on March 6, 2023 at $20.81.

AerSale Corp is an integrated, diversified global leader in aviation aftermarket products and services. It specializes in the sale, lease, and exchange of used aircraft, engines, and components, in addition to providing a broad range of maintenance, repair, and overhaul, and engineering services for commercial aircraft and components. The company operating segment includes Asset Management Solutions and TechOps. It generates maximum revenue from the Asset Management Solutions segment.