HEICO (US:HEI) zacks.comยท2024-05-22 14:16Group 1 - Analysts project Heico Corporation (HEI) will announce quarterly earnings of $0.80 per share, a 5.3% increase year over year, with revenues expected to reach $941.61 million, reflecting a 36.9% increase from the same quarter last year [1] - The consensus EPS estimate has been revised 0.8% higher over the last 30 days, indicating a collective reevaluation by analysts covering the stock [2] - Revisions to earnings estimates are crucial indicators for predicting potential investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Group 2 - Analysts estimate 'Net Sales- Electronic Technologies Group (ETG)' will reach $346.47 million, a 14.8% increase from the prior-year quarter [5] - The estimated 'Net Sales- Flight Support Group (FSG)' is projected at $601.62 million, indicating a 53.4% increase from the prior-year quarter [5] - Predictions for 'Operating income- Flight Support Group' are $130.67 million, up from $99.91 million reported in the same quarter last year, while 'Operating income- Electronic Technologies Group' is expected to be $75.27 million, compared to $67.98 million in the same quarter of the previous year [6] Group 3 - Heico shares have shown returns of +5.5% over the past month, compared to the Zacks S&P 500 composite's +7.3% change, with a Zacks Rank 2 (Buy) indicating expectations to outperform the overall market in the near future [6]