The 10-second takeaway
For the quarter ended March 31 (Q1), AerCap Holdings beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share increased significantly. GAAP earnings per share grew significantly.
Margins increased across the board.
AerCap Holdings recorded revenue of $245.8 million. The seven analysts polled by S&P Capital IQ looked for revenue of $241.5 million on the same basis. GAAP reported sales were 9.3% lower than the prior-year quarter's $257.9 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 $0.60. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.53 per share. Non-GAAP EPS of $0.60 for Q1 were 25% higher than the prior-year quarter's $0.48 per share. GAAP EPS of $0.59 for Q1 were 28% higher than the prior-year quarter's $0.46 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 60.0%, 270 basis points better than the prior-year quarter. Operating margin was 51.4%, 40 basis points better than the prior-year quarter. Net margin was 28.8%, 360 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $240.6 million. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $979.6 million. The average EPS estimate is $2.27.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 215 members out of 231 rating the stock outperform, and 16 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give AerCap Holdings a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AerCap Holdings is outperform, with an average price target of $18.37.
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