AerCap (AER) Q2 Earnings Surpass Estimates

Core Viewpoint - AerCap reported quarterly earnings of $2.83 per share, exceeding the Zacks Consensus Estimate of $2.75 per share, but down from $3.01 per share a year ago, indicating a +2.91% earnings surprise [1] - The company generated revenues of $1.89 billion for the quarter, missing the Zacks Consensus Estimate by 5.72% and down from $1.96 billion year-over-year [2] Group 1: Earnings Performance - AerCap has surpassed consensus EPS estimates three times over the last four quarters [2] - The company had a significant earnings surprise of +36.8% in the previous quarter, where it reported earnings of $3.68 per share against an expectation of $2.69 [1] Group 2: Revenue Insights - The revenue of $1.89 billion for the latest quarter reflects a decline from the previous year's $1.96 billion [2] - The company has also topped consensus revenue estimates three times in the last four quarters [2] Group 3: Stock Performance and Outlook - AerCap shares have increased by approximately 17.7% since the beginning of the year, outperforming the S&P 500's gain of 8.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Group 4: Future Earnings Expectations - The current consensus EPS estimate for the upcoming quarter is $2.83 on revenues of $2.01 billion, and for the current fiscal year, it is $12.42 on revenues of $8.16 billion [7] - The outlook for the industry, particularly the Transportation - Equipment and Leasing sector, is favorable, ranking in the top 37% of Zacks industries [8]