HEICO (HEI) ZACKS·2024-12-17 23:35Core Viewpoint - Heico Corporation reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of $0.97 per share, and showing an increase from $0.84 per share a year ago, indicating a positive earnings surprise of 2.06% [1] Financial Performance - Heico's revenues for the quarter ended October 2024 were $1.01 billion, which fell short of the Zacks Consensus Estimate by 2.53%, compared to $936.45 million in the same quarter last year [2] - Over the last four quarters, Heico has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Heico shares have appreciated approximately 46.9% since the beginning of the year, outperforming the S&P 500's gain of 27.3% [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.94 on revenues of $977.22 million, and for the current fiscal year, it is $4.25 on revenues of $4.2 billion [8] - The estimate revisions trend for Heico 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 [7] Industry Context - The Aerospace - Defense Equipment industry, to which Heico belongs, is currently ranked in the top 18% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]