Core Insights - Heico Corporation (HEI) is expected to report quarterly earnings of $1.12 per share, reflecting a 15.5% increase year-over-year, with revenues projected at $1.11 billion, a 12.2% increase compared to the previous year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.2%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Key Metrics - Analysts predict 'Net Sales- Electronic Technologies Group (ETG)' to be $346.93 million, representing a year-over-year increase of 7.7% [5]. - The estimated 'Net Sales- Flight Support Group (FSG)' is $780.64 million, indicating a year-over-year change of 14.5% [5]. - 'Operating income- Flight Support Group' is forecasted to reach $184.62 million, compared to $153.59 million from the previous year [5]. - 'Operating income- Electronic Technologies Group' is expected to be $87.72 million, up from $75.79 million year-over-year [6]. Stock Performance - Heico shares have decreased by 3.8% over the past month, contrasting with the Zacks S&P 500 composite's increase of 2% [6]. - Heico holds a Zacks Rank 3 (Hold), suggesting it is expected to closely follow overall market performance in the near term [6].
Heico (HEI) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates