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Moog (MOG.A) Q2 Earnings and Revenues Beat Estimates
AerSaleAerSale(US:ASLE) Zacks Investment Researchยท2024-04-26 14:11

Company Performance - Moog reported quarterly earnings of $2.19 per share, exceeding the Zacks Consensus Estimate of $1.70 per share, and up from $1.42 per share a year ago, representing an earnings surprise of 28.82% [1] - The company posted revenues of $930.3 million for the quarter, surpassing the Zacks Consensus Estimate by 6.48%, compared to year-ago revenues of $836.79 million [1] - Over the last four quarters, Moog has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [1] Stock Movement and Outlook - Moog shares have increased approximately 8.5% since the beginning of the year, outperforming the S&P 500's gain of 5.8% [2] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [2][3] Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $1.82 on revenues of $890.25 million, and for the current fiscal year, it is $6.94 on revenues of $3.52 billion [4] - The Zacks Industry Rank for Aerospace - Defense Equipment is currently in the bottom 30% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - AerSale Corporation, another company in the same industry, is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year decline of 28.6% [5][6]