AerSale Corporation (ASLE) Reports Q2 Loss, Misses Revenue Estimates

Company Performance - AerSale Corporation (ASLE) reported a quarterly loss of $0.05 per share, missing the Zacks Consensus Estimate of $0.10, and compared to a loss of $0.03 per share a year ago, indicating a significant earnings surprise of -150% [1] - The company posted revenues of $77.1 million for the quarter ended June 2024, which was 8.72% below the Zacks Consensus Estimate, and an increase from $69.33 million in the same quarter last year [1] - Over the last four quarters, AerSale has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Stock Performance - AerSale shares have declined approximately 54.6% since the beginning of the year, contrasting with the S&P 500's gain of 9.9% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $100.34 million, and for the current fiscal year, it is $0.49 on revenues of $378.74 million [4] - The estimate revisions trend for AerSale is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [4] Industry Context - The Aerospace - Defense Equipment industry, to which AerSale belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Ducommun (DCO), is expected to report quarterly earnings of $0.63 per share, reflecting a year-over-year change of +16.7%, with revenues anticipated to be $193.72 million, up 3.4% from the previous year [5][6]