Air Lease (AL) Up 9% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Air Lease (AL) shares have increased by approximately 9% over the past month, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Estimates Movement - Estimates for Air Lease have trended upward over the past month, indicating positive sentiment among analysts [2] VGM Scores - Air Lease has an average Growth Score of C and a momentum score of C, but it received an A grade for value, placing it in the top quintile for this investment strategy. The overall aggregate VGM Score for the stock is B, which is significant for investors not focused on a single strategy [3] Outlook - The upward trend in estimates suggests a promising outlook for Air Lease, which holds a Zacks Rank 2 (Buy). An above-average return is expected from the stock in the coming months [4] Industry Performance - Air Lease is part of the Zacks Transportation - Equipment and Leasing industry. Westinghouse Air Brake Technologies (WAB), a peer in the same industry, has gained 7.6% over the past month, reporting revenues of $2.61 billion for the last quarter, reflecting a year-over-year increase of 4.5% [5] Wabtec Earnings Expectations - For the current quarter, Wabtec is projected to report earnings of $2.17 per share, representing a year-over-year change of 10.7%. The Zacks Consensus Estimate for Wabtec has increased by 0.7% over the last 30 days, and it also holds a Zacks Rank 2 (Buy) [6]