Will AerCap (AER) Beat Estimates Again in Its Next Earnings Report?

Company Overview - AerCap is an airplane leasing company that has consistently beaten earnings estimates, with an average surprise of 34.94% over the last two quarters [1] - In the most recent quarter, AerCap reported earnings of $3.29 per share, exceeding the expected $2.31 per share by 42.42% [1] - For the previous quarter, the company reported $3.11 per share against an estimate of $2.44 per share, resulting in a surprise of 27.46% [1] Earnings Estimates - There has been a favorable change in earnings estimates for AerCap, with a positive Zacks Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [1][3] - The current Earnings ESP for AerCap is +1.74%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [3] - AerCap holds a Zacks Rank of 2 (Buy), further indicating the potential for another earnings beat in the upcoming report [3] Earnings Release Information - The next earnings report for AerCap is expected to be released on August 1, 2024 [3] - The combination of a positive Earnings ESP and a favorable Zacks Rank significantly increases the likelihood of a positive earnings surprise, with historical data showing nearly 70% success in such cases [2]