Aercap Holdings N.V. (NYSE:AER) is reporting third quarter earnings results on Tuesday 10th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.43 per share.
For the full year, analysts predict revenues of $ 4643.34 million, while looking forward to income of $ 6.76 per share.
Previous Quarter Performance
Aercap Holdings N.V. revealed income for the second quarter of $ 1.92 per share, from the revenue of $ 1,172.00 million. The quarterly earnings 20.66 percent while revenues declined 8.53 percent compared with the same quarter last year.
Street analysts expected Aercap Holdings N.V. to report income of $ 1.37 per share on revenue of $ 1124.51 million for the second quarter. The bottom line results beat street analysts by $ 0.55 or 40.15 percent, at the same time, top line results outshined analysts by $ 47.49 million or 4.22 percent.
Stock Performance
Shares of Aercap Holdings N.V. traded up $ 8.48 or 31.36 percent on Monday, reaching $ 35.52 with volume of 5.67 million shares. Aercap Holdings N.V. has traded high as $ 36.96 and has cracked $ 33.46 on the downward trend
According to the previous trading day, closing price of $ 35.52, representing a 159.50 % increase from the 52 week low of $ 10.42 and a 58.31 % decrease over the 52 week high of $ 64.86.
The company has a market capital of $ 4.61 billion and is part of the Industrials sector and Airports & Air Services industry.
Conference Call
Aercap Holdings N.V. will be hosting a conference call at 8:30 AM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.aercap.com
AerCap Holdings N.V., an aircraft leasing company, engages in the lease, financing, sale, and management of commercial aircraft and engines in China, the United States, Ireland, and internationally. The company offers aircraft asset management services, including remarketing aircraft; collecting rental and maintenance rent payments, monitoring aircraft maintenance, monitoring and enforcing contract compliance, and accepting delivery and redelivery of aircraft; and conducting ongoing lessee financial performance reviews. Its aircraft asset management services also comprise periodically inspecting the leased aircraft; coordinating technical modifications to aircraft to meet new lessee requirements; conducting restructuring negotiations in connection with lease defaults; repossessing aircraft; arranging and monitoring insurance coverage; registering and de-registering aircraft; arranging for aircraft and aircraft engine valuations; and providing market research services.
