HEICO (HEI) ZACKS·2024-12-18 00:01Core Insights - Heico Corporation reported revenue of $1.01 billion for the quarter ended October 2024, reflecting an 8.3% increase year-over-year, but a -2.53% miss against the Zacks Consensus Estimate of $1.04 billion [1] - Earnings per share (EPS) for the quarter was $0.99, up from $0.84 in the same quarter last year, surpassing the consensus estimate of $0.97 by +2.06% [1] Financial Performance Metrics - Net Sales for the Electronic Technologies Group (ETG) were $336.23 million, which is -1.8% lower than the four-analyst average estimate of $351.51 million [3] - Net Sales for the Flight Support Group (FSG) reached $691.78 million, exceeding the average estimate of $701.75 million by +15% year-over-year [3] - Corporate & Intersegment reported net sales of -$14.35 million, worse than the average estimate of -$10.48 million, but showing an +85% year-over-year change [3] - Operating income for the Flight Support Group was $154.51 million, slightly below the estimated $159.48 million [3] - Operating income for Other, primarily corporate, was -$17.68 million, worse than the average estimate of -$14.97 million [3] - Operating income for the Electronic Technologies Group was $81.81 million, below the average estimate of $86.26 million [3] Stock Performance - Heico's shares have returned -2.5% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]