AerSale (NASDAQ:ASLE) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$77.1m (up 11% from 2Q 2023).

• Net loss: US$3.64m (loss widened by 35% from 2Q 2023).

• US$0.069 loss per share (further deteriorated from US$0.052 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AerSale Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 13%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Aerospace & Defense industry in the US.

Performance of the American Aerospace & Defense industry.

The company's shares are down 21% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for AerSale that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.