Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Air Lease (AL)
NYSE:AL
Holding AL?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.78Last Year’s EPS
$1.89Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 3.09%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong revenue growth, high fleet utilization, and an increase in dividend payouts. Although there are challenges such as lower end-of-lease revenue and increased interest expenses, the positive aspects like robust order book placements and improving lease rates outweigh these concerns.Company Guidance
During the third quarter earnings call, Air Lease Corporation provided guidance on several key metrics and future expectations. The company reported revenues of $690 million and a diluted earnings per share of $0.82. They acquired 20 new aircraft for $1.9 billion and sold 9 aircraft, generating $340 million in sales proceeds. The fleet's weighted average age decreased to 4.6 years, with a lease term remaining of 7.1 years, and utilization remained strong at 100%. Air Lease expects approximately $900 million in deliveries for Q4, aiming for $4.6 billion in total deliveries for 2024, aligning with their earlier guidance of $4.5 billion to $5.5 billion. Their sales pipeline is robust at $1.5 billion, with an anticipated $400 million in Q4 sales. The company also highlighted a 5% increase in their quarterly dividend to $0.22 per share, underscoring their confidence in long-term growth, supported by a $28 billion fleet and $18 billion order book through 2029.Strong Revenue and Fleet Growth
Air Lease generated revenues of $690 million in Q3 2024, with a 5% increase compared to the prior year's quarter, driven by fleet expansion.
High Fleet Utilization and Order Book Success
Fleet utilization rate remains at 100%, with the order book fully placed through 2026 and deliveries of new aircraft expected to total $4.6 billion for 2024.
Dividend Increase
Board of Directors approved a 5% increase in the quarterly cash dividend to $0.22 per share, starting January 2025.
Positive Market Dynamics
Strong demand for new aircraft with lease rates improving and aircraft sales pipeline remaining robust at $1.5 billion.
---
AL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $47.11 | $46.88 | -0.49% |
| Aug 01, 2024 | $47.27 | $40.73 | -13.84% |
| May 06, 2024 | $50.85 | $47.14 | -7.30% |
| Feb 15, 2024 | $42.35 | $40.33 | -4.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Air Lease (AL) report earnings?
Air Lease (AL) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Air Lease (AL) earnings time?
Air Lease (AL) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AL EPS forecast?
AL EPS forecast for the fiscal quarter 2024 (Q4) is $0.78.
---
