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Air Lease Earnings Preview

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Benzinga Insights
·2 min read
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Air Lease (NYSE: AL) announces its next round of earnings this Monday, November 09. Here is Benzinga's everything-that-matters guide for this Monday's Q3 earnings announcement.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Wall Street analysts see Air Lease reporting earnings of $1.07 per share on sales of $507.66 million. In the same quarter last year, Air Lease reported earnings per share of $1.8 on revenue of $530.90 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on AL

If the company were to match the consensus estimate when it reports Monday, earnings would be down 40.56%. Revenue would be down 4.38% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

1.06

1.23

1.38

1.32

EPS Actual

1.71

1.61

1.42

1.80

Revenue Estimate

498.65 M

524.28 M

535.87 M

520.51 M

Revenue Actual

521.35 M

511.39 M

548.56 M

530.90 M

Stock Performance

Over the last 52-week period, shares are down 32.42%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Air Lease is scheduled to hold the call at 16:30:00 ET and can be accessed here.

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