AAR (AIR) Q3 Earnings Surpass Estimates

Group 1: Earnings Performance - AAR reported quarterly earnings of $0.99 per share, exceeding the Zacks Consensus Estimate of$ 0.96 per share, and up from $0.85 per share a year ago, representing an earnings surprise of 3.13% [1] - Over the last four quarters, AAR has surpassed consensus EPS estimates four times [2] - The company posted revenues of$ 678.2 million for the quarter, missing the Zacks Consensus Estimate by 2.95%, compared to year-ago revenues of $567.3 million [2] Group 2: Stock Performance and Outlook - AAR shares have increased approximately 13.7% since the beginning of the year, while the S&P 500 has declined by 2.9% [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at$ 1.06 for the coming quarter and $3.77 for the current fiscal year [4][7] - The current Zacks Rank for AAR is 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 3: Industry Context - The Aerospace - Defense Equipment industry is currently in the top 12% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact AAR's stock performance [5]