Aaon (AAON) Beats Q3 Earnings and Revenue Estimates

Company Performance - Aaon reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of$ 0.58 per share, but slightly down from $0.64 per share a year ago, representing an earnings surprise of 8.62% [1] - The company achieved revenues of$ 327.25 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.12% and up from $311.97 million year-over-year [2] - Over the last four quarters, Aaon has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance - Aaon shares have increased approximately 62.8% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] - The current consensus EPS estimate for the upcoming quarter is$ 0.62 on revenues of $329.4 million, and for the current fiscal year, it is$ 2.28 on revenues of $1.22 billion [7] Industry Outlook - The Building Products - Air Conditioner and Heating industry, to which Aaon belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Aaon's stock performance [5]