Movement Alert|FTAI AVIATION LTD Rises 6.06% in Pre-Market Trading, Strong Q2 Earnings Expectations and Freight Conversion Partnership Boost Sentiment

Market Focus07-22 17:24

On July 22, FTAI AVIATION LTD rose 6.06% in pre-market trading, trading at approximately $223.10/share, with turnover of $276,600.

On the news front, the company's Q2 earnings report is scheduled for July 29 after market close, with consensus EPS expectations of $1.52, up from $1.29 in Q1. Multiple institutions hold a positive outlook on the quarter, with bullish views in the majority. Last quarter, the company reported revenue of $831 million, representing 65.45% year-over-year growth, with adjusted EPS of $1.29, up 48.28% year-over-year.

Additionally, FTAI AVIATION LTD previously announced a strategic partnership with AEI to jointly launch a Boeing 737-800 passenger-to-freighter conversion solution, integrating engine maintenance and fuselage modification capabilities to capture the global narrowbody cargo capacity expansion opportunity. RBC Capital Markets also raised its price target on the stock from $270 to $350, maintaining an Outperform rating, citing improved margins from the CFM International partnership.

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