Aircraft engine lessor Willis Lease Q3 revenue beats estimates

Reuters11-04
Aircraft engine lessor Willis Lease Q3 revenue beats estimates

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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment