Earnings Overview - AAR is expected to report a year-over-year increase in earnings and revenues for the quarter ended February 2024, with earnings per share (EPS) projected at $0 84, up 12% YoY, and revenues expected to reach $567 63 million, an 8 9% increase YoY [1][2] - The consensus EPS estimate has been revised downward by 1 12% over the last 30 days, reflecting analysts' reassessment of initial estimates [2] Earnings Surprise Potential - The Zacks Earnings ESP (Expected Surprise Prediction) for AAR is +0 40%, indicating analysts have recently become more bullish on the company's earnings prospects [5] - However, the stock carries a Zacks Rank of 4, making it difficult to conclusively predict an earnings beat [5][6] - Historically, AAR has beaten consensus EPS estimates in three out of the last four quarters [7] Market Impact - The upcoming earnings report, scheduled for release on March 21, 2024, could influence the stock's near-term price movement depending on whether the results exceed or fall short of expectations [1] - While an earnings beat or miss is a significant factor, other unforeseen catalysts or disappointments can also impact the stock's performance [8] Analyst Insights - The Zacks Earnings ESP model suggests that stocks with a positive ESP and a favorable Zacks Rank (1-3) have a higher likelihood of delivering a positive earnings surprise, with a success rate of nearly 70% [4] - AAR's current combination of a positive ESP and a Zacks Rank of 4 does not strongly indicate an earnings beat, but investors should consider other factors as well [5][6][8]

Also completed financings to fund the Acquisition, consisting of $550 million notes offering and an amendment to AAR's existing revolving credit facility, upsizing the facility from $620 million to $825 million WOOD DALE, Ill., March 1, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR) ("AAR" or the "Company"), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, today announced that it has completed its acquisition of Triumph Group's (NYSE: TGI) Product Support busines ...

BERKSHIRE, England, Feb. 21, 2024 /PRNewswire/ -- AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, has signed a multi-year support services extension with Philippine Airlines (PAL). Working in conjunction with PAL's Aircraft Material Management team, Airinmar will provide a full suite of support services covering both aircraft warranty and value engineering. The services will supplement PAL's current activities and con ...

WOOD DALE, Ill., Feb. 14, 2024 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), has successfully priced its offering of $550 million aggregate principal amount of 6.750% senior notes due 2029 (the "Notes"). The offering was upsized to $550 million from the original offering size ...

Announces proposed offering of $500 million of senior notes due 2029 The acquisition will be financed with the proceeds from the proposed notes offering and use of the expanded revolver WOOD DALE, Ill., Feb. 14, 2024 /PRNewswire/ -- AAR CORP. ("AAR" or the "Company") (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs and OEMs, announced today that AAR Escrow Issuer, LLC, a wholly owned, unrestricted subsidiary of the Company (the "Escrow Issuer"), intends to ...

CHICAGO--(BUSINESS WIRE)--GATX Corporation (NYSE: GATX) today announced the election of John M. Holmes to its board of directors. Mr. Holmes will also serve as a member of the board’s Audit Committee. With the appointment of Mr. Holmes, the GATX board will now consist of 10 members, including nine independent directors. “ We are pleased to welcome John to GATX’s board of directors,” said Robert C. Lyons, president and chief executive officer of GATX. “ John is an outstanding business leader with deep inter ...

Small-cap stocks can help investors diversify from the S&P 500, which is heavily weighted to the largest U.S. tech players. Investors may imagine small-caps as up-and-coming companies focused on increasing their sales and taking market share from rivals, or ones facing binary events, such as drug trials, that can set up windfall profits. But Bill Hench, the head of small-cap investing at First Eagle Investments, takes a value approach, looking for companies that need to be fixed.“We look to get a dollar of ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AAR Corp. (AIR) provides various products and services to commercial aviation, government, and defense sector. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 60 days.Avanos Medical, Inc. (AVNS) is a medical technology company focusing on delivering medical device solutions. The Zacks Consensus Estimate for its current year earnings has been revised 5.5% downward over the last 60 ...

Core Insights - The market rally that began in late October is expected to continue into 2024, with the S&P 500 index approaching last month's highs and investor sentiment leaning towards a risk-on environment [1][2] - AAR, Grand Canyon Education, and MPW are highlighted as stocks with potential for short-term rebounds due to their low Relative Strength Index (RSI) readings [1][2] AAR Analysis - AAR was at an all-time high just before Christmas but experienced a significant selloff, dropping 25% after a revenue miss and an acquisition announcement for Triumph Group, Inc. at $725 million [1][2] - The stock's RSI fell below 30, indicating it is oversold, and there is potential for a bounce as shares are being bought off their lows [2] Grand Canyon Education Analysis - Grand Canyon Education also faced a decline, dropping 15% post-Christmas due to a lawsuit from the Federal Trade Commission and a risk-based audit by the Veterans Administration [2] - The stock's RSI is at 26, suggesting a potential short-term low, with shares consolidating around $123 [2] MPW Analysis - MPW, a real estate investment trust (REIT) with a portfolio of over 400 properties, has seen its stock decline 85% over the past two years [2] - The stock's RSI is currently at 32, indicating it is nearing all-time lows, and historical patterns suggest a potential bounce when the RSI falls below 30 [3]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:AAR Corp. (AIR) provides various products and services to commercial aviation, government, and defense sector. The Zacks Consensus Estimate for its current year earnings has been revised 3.8% downward over the last 60 days.AMERISAFE, Inc. (AMSF) is an insurance holding company. The Zacks Consensus Estimate for its current year earnings has been revised 2.4% downward over the last 60 days.Avanos Medical, Inc. (AVNS) is a medical techno ...