Aircastle LTD Crushes Estimates
Aircastle LTD (NYS: AYR) reported earnings on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Aircastle LTD beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Aircastle LTD reported revenue of $156.9 million. The eight analysts polled by S&P Capital IQ predicted revenue of $150.3 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $140.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.43. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.27 per share on the same basis. GAAP EPS of $0.49 for Q4 were 88% higher than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 98.5%, 50 basis points better than the prior-year quarter. Operating margin was 51.7%, 630 basis points better than the prior-year quarter. Net margin was 22.7%, 830 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $155.5 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $628.4 million. The average EPS estimate is $1.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 511 members out of 546 rating the stock outperform, and 35 members rating it underperform. Among 183 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Aircastle LTD a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aircastle LTD is outperform, with an average price target of $14.96.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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