The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Aircastle LTD beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Gross margins grew, operating margins increased, net margins shrank.
Aircastle LTD logged revenue of $172.9 million. The eight analysts polled by S&P Capital IQ expected net sales of $158.6 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $145.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.53. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS were -$0.65 for Q3 versus $0.31 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 97.7%, 50 basis points better than the prior-year quarter. Operating margin was 51.3%, 670 basis points better than the prior-year quarter. Net margin was -26.5%, 4,200 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $167.6 million. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $662.0 million. The average EPS estimate is $1.53.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 525 members out of 561 rating the stock outperform, and 36 members rating it underperform. Among 170 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 161 give Aircastle LTD a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aircastle LTD is outperform, with an average price target of $15.33.
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