What To Expect From AAR’s (AIR) Q3 Earnings
Aviation and defense services provider AAR CORP (NYSE:AIR) will be reporting earnings this Tuesday after market hours. Here’s what to expect.
AAR beat analysts’ revenue expectations last quarter, reporting revenues of $928 million, up 26.1% year on year. It was an exceptional quarter for the company, with revenue guidance for next quarter beating analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.
Is AAR a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting AAR’s revenue to grow 18.9% year on year, improving from the 13.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. AAR rarely misses Wall Street’s revenue estimates.
With AAR being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for aerospace and defense stocks. However, the whole sector has faced a sell-off over the last month with stocks in AAR’s peer group down 3% on average. AAR is down 10.2% during the same time .
WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it.
This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE.