AerCap Reports Q1 EPS & Revenue Beat
AerCap Holdings (NYSE:AER) reported its Q1 earnings results on Tuesday, with EPS of $2.34 coming in better than the Street estimate of $1.95. Revenue was $1.87 billion, beating the Street estimate of $1.76 billion.
The company affirmed its 2023 adjusted EPS guide ($7.00 - $7.50 excluding gains on sale) at the higher end, reflecting its confidence in the outlook for 2023. Furthermore, AER’s Board has approved a new share repurchase authorization of up to $500 million.
According to the analysts at Deutsche Bank, the current weakness in shares represents a good buying opportunity as fundamentals remain very favorable and valuation remains attractive.
| Symbol | Price | %chg |
|---|---|---|
| SKRN.JK | 432 | -0.46 |
| ASSA.JK | 725 | -4.83 |
| SMIL.JK | 210 | -0.95 |
| 089860.KS | 34600 | -1.16 |
AerCap Reports Q1 EPS & Revenue Beat
AerCap Holdings (NYSE:AER) reported its Q1 earnings results on Tuesday, with EPS of $2.34 coming in better than the Street estimate of $1.95. Revenue was $1.87 billion, beating the Street estimate of $1.76 billion.
The company affirmed its 2023 adjusted EPS guide ($7.00 - $7.50 excluding gains on sale) at the higher end, reflecting its confidence in the outlook for 2023. Furthermore, AER’s Board has approved a new share repurchase authorization of up to $500 million.
According to the analysts at Deutsche Bank, the current weakness in shares represents a good buying opportunity as fundamentals remain very favorable and valuation remains attractive.
