We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AAR Corp. (AIR) Set to Post Q1 Earnings: What's in Store?
Read MoreHide Full Article
AAR Corp. (AIR - Free Report) is scheduled to release first-quarter fiscal 2022 results on Sep 23, after market close. In the last reported quarter, the company delivered an earnings surprise of 6.8%.
AAR Corp. has a four-quarter earnings surprise of 78.7%, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
As commercial air travel has been showing a consistent recovery in the recent past, the maintenance, repair and overhaul market has been reflecting signs of moderate improvement. This in turn can be expected to have boosted AAR Corp.’s overall performance in the fiscal first quarter.
The company’s government and defense businesses, which have been delivering strong performance amid the challenges posed by the COVID-19 pandemic, must have also performed favorably.
This in turn is expected to have boosted its overall top-line performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $437.7 million, which indicates a rise of 9.2% from the year-ago reported figure.
Stable earnings from the Department of State’s WASS contract, which has been a consistent growth driver for AAR Corp.’s bottom line over the last few quarters, must have once again contributed favorably to fiscal first-quarter earnings.
Meanwhile, a recovering commercial aerospace market can be projected to have boosted its overall commercial gross margins, thereby aiding bottom-line growth.
The Zacks Consensus Estimate for fiscal first-quarter earnings per share is pegged at 49 cents, which indicates an improvement of 188.2% from the year-ago reported figure.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AAR Corp. this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But this is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Here are some defense companies you may want to consider, as these have the right combination of elements to post an earnings beat in their upcoming releases:
Embraer S.A. (ERJ - Free Report) has an Earnings ESP of +41.46% and a Zacks Rank #2.
Heico Corp (HEI - Free Report) has an Earnings ESP of +0.73% and a Zacks Rank #3.
Spirit AeroSystems (SPR - Free Report) has an Earnings ESP of +4.98% and a Zacks Rank #3.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AAR Corp. (AIR) Set to Post Q1 Earnings: What's in Store?
AAR Corp. (AIR - Free Report) is scheduled to release first-quarter fiscal 2022 results on Sep 23, after market close. In the last reported quarter, the company delivered an earnings surprise of 6.8%.
AAR Corp. has a four-quarter earnings surprise of 78.7%, on average.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors at Play
As commercial air travel has been showing a consistent recovery in the recent past, the maintenance, repair and overhaul market has been reflecting signs of moderate improvement. This in turn can be expected to have boosted AAR Corp.’s overall performance in the fiscal first quarter.
AAR Corp. Price and EPS Surprise
AAR Corp. price-eps-surprise | AAR Corp. Quote
The company’s government and defense businesses, which have been delivering strong performance amid the challenges posed by the COVID-19 pandemic, must have also performed favorably.
This in turn is expected to have boosted its overall top-line performance in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for fiscal first-quarter revenues is pegged at $437.7 million, which indicates a rise of 9.2% from the year-ago reported figure.
Stable earnings from the Department of State’s WASS contract, which has been a consistent growth driver for AAR Corp.’s bottom line over the last few quarters, must have once again contributed favorably to fiscal first-quarter earnings.
Meanwhile, a recovering commercial aerospace market can be projected to have boosted its overall commercial gross margins, thereby aiding bottom-line growth.
The Zacks Consensus Estimate for fiscal first-quarter earnings per share is pegged at 49 cents, which indicates an improvement of 188.2% from the year-ago reported figure.
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AAR Corp. this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But this is not the case here.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: AAR Corp. carries a Zacks Rank #2, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some defense companies you may want to consider, as these have the right combination of elements to post an earnings beat in their upcoming releases:
Embraer S.A. (ERJ - Free Report) has an Earnings ESP of +41.46% and a Zacks Rank #2.
Heico Corp (HEI - Free Report) has an Earnings ESP of +0.73% and a Zacks Rank #3.
Spirit AeroSystems (SPR - Free Report) has an Earnings ESP of +4.98% and a Zacks Rank #3.