AerSale (ASLE) Stock

Q3 sales fell 10.6%, but margins improved. MRO capacity expansion expected to bolster EBITDA by $50 million annually. There are AerAware commercialization struggles, but AerSale is focused on MRO growth and disciplined asset acquisition with AerSafe sales prospects due to 2026 regulatory compliance. Increased price target to $8.17 driven by $70 million insurance claims, despite reduced EBITDA and free cash flow estimates for 2025 and 2026.

AerSale Corporation (NASDAQ:ASLE ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Christine Padron - Vice President of Compliance. Nicolas Finazzo - Chairman and Chief Executive Officer Martin Garmendia - Chief Financial Officer Conference Call Participants Gautam Khanna - TD Cowen Ken Herbert - RBC Capital Markets Sam Struhsaker - Truist Securities Operator Good day, everyone, and welcome to today's AerSale Inc. Third Quarter 2024 Earnings Conference.

AerSale Corporation (ASLE) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.03 per share a year ago.

AerSale saw improvement in Q2 with revenue and profit growth, driven by asset management solutions and the TechOps segment. Margins contracted due to lower heavy MRO services demand, impacting overall gross profit. AerAware progress remains disappointing, with no clear timeline for product roll out, leading to a reduced price target to $6.70.

AerSale missed estimates on the top and bottom lines, and showed little progress toward selling a much-anticipated new product. The company's core operation should rebound in the second half, but the hoped-for payoff from the new tech could take time.

AerSale Corporation (ASLE) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.03 per share a year ago.

MIAMI--(BUSINESS WIRE)--AerSale Corporation (NASDAQ: ASLE) (the “Company”), a leading provider of aviation products and services, proudly announces the opening of its newest location in Millington, Tennessee, with its first aircraft induction. This strategic expansion marks a significant milestone in AerSale's commitment to serving its customers and enhancing its MRO capabilities to better support the global commercial aviation industry. Founded in 1917 the Millington-Memphis Airport (originall.

AerSale (ASLE) lacks the necessary elements for a potential earnings beat in its upcoming report. Be sure to familiarize yourself with the key expectations.

Moog (MOG.A) reported quarterly earnings of $2.19 per share, surpassing the Zacks Consensus Estimate of $1.70 per share. This is an increase from earnings of $1.42 per share in the same quarter last year.