FTAI Aviation (NASDAQ:FTAI) Reports Strong Q3

StockStory10-31 04:22

FTAI Aviation (NASDAQ:FTAI) Reports Strong Q3 Aircraft leasing company FTAI Aviation (NASDAQ:FTAI) reported Q3 CY2024 results exceeding the market’s revenue expectations , with sales up 60% year ...

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Its GAAP profit of $0.76 per share was 2.7% below analysts’ consensus estimates.Is now the time to buy FTAI Aviation?EBITDA: $232 million vs analyst estimates of $214.6 million . EBITDA Margin: 49.8%, down from 53% in the same quarter last year. With a focus on the CFM56 engine that powers Boeing and Airbus’s planes, FTAI Aviation  provides aircraft and engine leasing as well as the maintenance and repair of these products.This quarter, FTAI Aviation reported magnificent year-on-year revenue growth of 60%, and its $465.8 million of revenue beat Wall Street’s estimates by 10.8%.Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written mor","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC",".IXIC":"NASDAQ Composite","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4590":"PTP","BK4112":"金融交易所和数据","BK4104":"贸易公司与经销商","FTAI":"FTAI AVIATION LTD","FTAIM":"FTAIM","FTAIP":"FTAI AVIATION LTD 8.25% FIX TO FLTNG SER A CUM PER RED PRE","BK4585":"ETF&股票定投概念","FTAIN":"FORTRESS TRANSN & INFRAS INVS LLC 8.25% FIXD RATE SER C CUM PRE RED PFD","FTAIO":"FTAI AVIATION LTD 8.00% FIX TO FLTNG SER A CUM PER RED PRE","NDAQ":"纳斯达克OMX交易所","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD"},"translate_title":"FTAI Aviation（纳斯达克：FTAI）第三季度业绩强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":1,".IXIC":1,"FTAI":1,"FTAIP":0.9,"FTAIO":0.9,"FTAIN":0.9,"FTAIM":0.9},"content_text":"FTAI Aviation (NASDAQ:FTAI) Reports Strong Q3 \n \n\nAircraft leasing company FTAI Aviation (NASDAQ:FTAI) reported Q3 CY2024 results exceeding the market’s revenue expectations , with sales up 60% year on year to $465.8 million. Its GAAP profit of $0.76 per share was 2.7% below analysts’ consensus estimates. \nIs now the time to buy FTAI Aviation? Find out in our full research report.\n\nFTAI Aviation (FTAI) Q3 CY2024 Highlights:\n\nRevenue: $465.8 million vs analyst estimates of $420.4 million (10.8% beat)\nEBITDA: $232 million vs analyst estimates of $214.6 million (8.1% beat)\nEPS: $0.76 vs analyst expectations of $0.78 (2.7% miss)\nGross Margin (GAAP): 52.9%, up from 48.3% in the same quarter last year\nEBITDA Margin: 49.8%, down from 53% in the same quarter last year\nMarket Capitalization: $14.66 billion\n\n\nCompany Overview\nWith a focus on the CFM56 engine that powers Boeing and Airbus’s planes, FTAI Aviation (NASDAQ:FTAI) provides aircraft and engine leasing as well as the maintenance and repair of these products.\nVehicle Parts Distributors\nSupply chain and inventory management are themes that grew in focus after COVID wreaked havoc on the global movement of raw materials and components. Transportation parts distributors that boast reliable selection in sometimes specialized areas combined and quickly deliver products to customers can benefit from this theme. Additionally, distributors who earn meaningful revenue streams from aftermarket products can enjoy more steady top-line trends and higher margins. But like the broader industrials sector, transportation parts distributors are also at the whim of economic cycles that impact capital spending, transportation volumes, and demand for discretionary parts and components.\nSales Growth\nReviewing a company’s long-term performance can reveal insights into its business quality. Any business can have short-term success, but a top-tier one sustains growth for years. Over the last five years, FTAI Aviation grew its sales at an incredible 23.2% compounded annual growth rate. This is encouraging because it shows FTAI Aviation’s offerings resonate with customers, a helpful starting point. \n\nLong-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. FTAI Aviation’s annualized revenue growth of 70.6% over the last two years is above its five-year trend, suggesting its demand was strong and recently accelerated. \nThis quarter, FTAI Aviation reported magnificent year-on-year revenue growth of 60%, and its $465.8 million of revenue beat Wall Street’s estimates by 10.8%. \nLooking ahead, sell-side analysts expect revenue to grow 21.8% over the next 12 months, a deceleration versus the last two years. This projection is still healthy and indicates the market sees success for its products and services. \nToday’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.\nOperating Margin\nOperating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses–everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. \nFTAI Aviation has done a decent job managing its cost base over the last five years. The company has produced an average operating margin of 9.5%, higher than the broader industrials sector. \nLooking at the trend in its profitability, FTAI Aviation’s annual operating margin decreased by 9.5 percentage points over the last five years. Even though its margin is still high, shareholders will want to see FTAI Aviation become more profitable in the future. Note that some quarters with extremely low margins could be due to one-time charges. \n\n\n\nEarnings Per Share\nWe track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company’s growth was profitable. \nSadly for FTAI Aviation, its EPS declined by 22.6% annually over the last five years while its revenue grew by 23.2%. This tells us the company became less profitable on a per-share basis as it expanded. \n\nWe can take a deeper look into FTAI Aviation’s earnings to better understand the drivers of its performance. As we mentioned earlier, FTAI Aviation’s operating margin declined by 9.5 percentage points over the last five years. Its share count also grew by 20.2%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. \nLike with revenue, we analyze EPS over a more recent period because it can give insight into an emerging theme or development for the business. For FTAI Aviation, its two-year annual EPS growth of 65.3% was higher than its five-year trend. This acceleration made it one of the faster-growing industrials companies in recent history. \nIn Q3, FTAI Aviation reported EPS at $0.76, up from $0.25 in the same quarter last year. Despite growing year on year, this print missed analysts’ estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast FTAI Aviation’s full-year EPS of negative $0.35 will flip to positive $4.05. \nKey Takeaways from FTAI Aviation’s Q3 Results\nWe liked how revenue and EBITDA beat analysts’ expectations this quarter. On the other hand, its EPS missed, but the EBITDA beat makes us a little more comfortable. Overall, we think this was a decent quarter, and the company will provide guidance on the earnings call. The stock remained flat at $145.30 immediately following the results. \nFTAI Aviation had an encouraging quarter, but one earnings result doesn’t necessarily make the stock a buy. Let’s see if this is a good investment.The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it’s free.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479769473"}