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Air Lease (NYSE:AL) unveils its next round of earnings this Monday, February 22. Get prepared with Benzinga's ultimate preview for Air Lease's Q4 earnings.
What Are Earnings, Net Income, And Earnings Per Share?
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Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Analysts expect Air Lease earnings of $0.77 per share. Revenue will likely be around $486.60 million, according to the consensus estimate. In the same quarter last year, Air Lease announced EPS of $1.42 on revenue of $548.56 million.
Why Analyst Estimates And Earnings Surprises Are Important
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street estimate would represent a 45.77% decline in the company's earnings. Sales would be down 11.29% from the year-ago period. Here is how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2020 | Q2 2020 | Q1 2020 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 1.06 | 1.06 | 1.23 | 1.38 |
| EPS Actual | 1.47 | 1.71 | 1.61 | 1.42 |
| Revenue Estimate | 506.28 M | 498.65 M | 524.28 M | 535.87 M |
| Revenue Actual | 493.60 M | 521.35 M | 511.39 M | 548.56 M |
Stock Performance
Shares of Air Lease were trading at $43.13 as of February 18. Over the last 52-week period, shares are up 5.86%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Air Lease is scheduled to hold the call at 16:30:00 ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.