AerSale Corporation (ASLE) Reports Q4 Loss, Misses Revenue Estimates

Company Performance - AerSale Corporation reported a quarterly loss of $0.02 per share, significantly missing the Zacks Consensus Estimate of $0.45, and down from earnings of $0.23 per share a year ago, representing an earnings surprise of -104.44% [1] - The company posted revenues of $94.42 million for the quarter ended December 2023, missing the Zacks Consensus Estimate by 40.35%, and down from $95.1 million in the same quarter last year [1] - Over the last four quarters, AerSale Corporation has not surpassed consensus EPS or revenue estimates [1] Stock Performance - AerSale Corporation shares have declined approximately 27.8% since the beginning of the year, contrasting with the S&P 500's gain of 7% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.17 on revenues of $94.99 million, and for the current fiscal year, it is $1.03 on revenues of $474.44 million [4] - The estimate revisions trend for AerSale Corporation is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [4] Industry Context - The Aerospace - Defense Equipment industry, to which AerSale Corporation belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, AAR (AIR), is expected to report quarterly earnings of $0.84 per share, reflecting a year-over-year increase of 12%, with revenues projected at $567.63 million, up 8.9% from the previous year [5]