Why Air Lease (AL) is Poised to Beat Earnings Estimates Again

Core Viewpoint - Air Lease (AL) is well-positioned to continue its earnings-beat streak, having surpassed earnings estimates significantly in recent quarters [1][2]. Earnings Performance - Air Lease has recorded an average earnings surprise of 36.84% over the last two quarters, with the most recent quarter showing a surprise of 71.82% by reporting $1.89 per share against an expectation of $1.10 per share [1]. - In the previous quarter, the company reported $1.10 per share, slightly above the consensus estimate of $1.08, resulting in a surprise of 1.85% [1]. Earnings Estimates and Predictions - Recent estimates for Air Lease have been increasing, with a positive Zacks Earnings ESP of +12.16%, indicating bullish sentiment among analysts regarding the company's earnings prospects [2][3]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat [3]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [2]. - The Earnings ESP metric is based on the Most Accurate Estimate compared to the Zacks Consensus Estimate, reflecting the latest analyst revisions [3].