FTAI Aviation (FTAI) Q1 Earnings Report Preview: What To Look For

Aircraft leasing company FTAI Aviation (NASDAQ:FTAI) will be reporting earnings tomorrow afternoon. Here’s what you need to know.

FTAI Aviation beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $498.8 million, up 59.5% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ EBITDA estimates.

Is FTAI Aviation a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting FTAI Aviation’s revenue to grow 57% year on year to $512.8 million, improving from the 11.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FTAI Aviation has missed Wall Street’s revenue estimates twice over the last two years.

Looking at FTAI Aviation’s peers in the industrial distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. GATX delivered year-on-year revenue growth of 11%, beating analysts’ expectations by 1.1%, and United Rentals reported revenues up 6.7%, topping estimates by 2.5%. GATX traded down 2.7% following the results while United Rentals was up 10.1%.

Read our full analysis of GATX’s results here and United Rentals’s results here.

Investors in the industrial distributors segment have had fairly steady hands going into earnings, with share prices down 1.3% on average over the last month. FTAI Aviation is down 2.5% during the same time and is heading into earnings with an average analyst price target of $171.06 (compared to the current share price of $108.22).

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