Overview
Willis Lease Q3 revenue grows 25.4% yr/yr, beating analyst expectations
Company declares Q4 dividend of $0.40 per share, up from $0.25
Adjusted EPS for Q3 misses analyst expectations
Outlook
Company did not provide specific guidance for future revenue or earnings
Result Drivers
LEASE RENT REVENUE - Increase driven by larger portfolio size and higher utilization rates
MAINTENANCE RESERVE REVENUE - Record high maintenance reserve revenue driven by end-of-lease maintenance reserve liability releases
AVIATION MARKETPLACE DEMAND - Growth driven by strong demand for leasing model and maintenance capabilities
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $183.40 mln | $156 mln (1 Analyst) |
Q3 EPS | Miss | $3.25 | $3.34 (1 Analyst) |
Q3 Pretax Profit | $43.20 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Willis Lease Finance Corp is $190.00, about 33.6% above its November 3 closing price of $126.13
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release: ID:nGNXcbLsT7
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments