Bear Of The Day: AerSale (ASLE)

Company Overview - AerSale Corp. provides integrated and diversified aviation aftermarket products and services aimed at helping aircraft owners and operators save on operation, maintenance, and monetization of their aircraft, engines, and components [2] - The company's offerings include Aircraft & Component MRO, Aircraft and Engine Sales and Leasing, Used Serviceable Material sales, and internally developed 'Engineered Solutions' to enhance aircraft performance [2] Earnings Performance - AerSale has experienced four consecutive misses of the Zacks Consensus Estimate, indicating a consistent failure to meet market expectations [3] - The Zacks Rank is influenced by earnings history but is more heavily affected by the movement of earnings estimates [3] Earnings Estimates - Recent earnings estimates for AerSale have declined significantly, with the current year (2024) consensus dropping from $1.03 to $0.48 over the last 60 days [4] - The next year's estimate has also decreased from $1.23 to $0.86 during the same period [4] - The negative movement in earnings estimates is a primary reason for AerSale's Zacks Rank of 5 (Strong Sell) [4] - Many stocks within the Zacks universe are experiencing negative earnings estimate revisions, contributing to a broader trend of stocks falling to a Zacks Rank 5 [4]