AerCap (AER) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - AerCap reported quarterly earnings of $3.29 per share, exceeding the Zacks Consensus Estimate of $2.31 per share, and showing an increase from $2.34 per share a year ago, representing an earnings surprise of 42.42% [1] Financial Performance - The company posted revenues of $2.02 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.04%, compared to $1.87 billion in the same quarter last year [1] - Over the last four quarters, AerCap has exceeded consensus EPS estimates four times and topped consensus revenue estimates two times [1] Stock Performance - AerCap shares have increased by approximately 13.7% since the beginning of the year, outperforming the S&P 500's gain of 5.6% [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.40 on revenues of $1.9 billion, and for the current fiscal year, it is $9.70 on revenues of $7.66 billion [4] - The estimate revisions trend for AerCap 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 Financial - Leasing Companies industry is currently in the top 40% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Upbound Group, is expected to report quarterly earnings of $0.77 per share, reflecting a year-over-year decline of 7.2% [5]