AL Earnings Prediction
The chart below shows how AL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AL sees a +0.02% change in stock price 10 days leading up to the earnings, and a -2.12% change 10 days following the report. On the earnings day itself, the stock moves by -0.40%. This data can give you a slight idea of what to expect for the next quarter's release.
AL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
690.16M
4.67%
3.43%
Gross Margin
--
--
--
Operating Margin
50.38%
-2.44%
1.55%
Net Margin
15.06%
-25.04%
-2.40%
EPS
0.82
-25.45%
1.23%
No Data Available
AL Earnings Analysis
Air Lease Corporation Corporation (AL.N) Earnings Conference Call
Positive
Fleet Expansion Revenue Growth: Air Lease generated revenues of $690 million, benefiting from the continued expansion of our fleet.
Aircraft Acquisition Update: We purchased 20 new aircraft during the quarter, adding $1.9 billion in flight equipment to our balance sheet.
Fleet Utilization Rate: Our fleet utilization rate remains exceptionally strong at 100%.
Strong Sales Pipeline: Our sales pipeline remains very strong at $1.5 billion, with expected sales of approximately $400 million for the fourth quarter.
Dividend Increase Announcement: Our board of directors approved an increase in our quarterly cash dividend distribution by roughly 5% to $0.22 per share per quarter.
Negative
Q3 Revenue Breakdown: During the third quarter, Air Lease generated revenues of $690 million, which was comprised of approximately $625 million of rental revenues and $65 million from aircraft sales, trading, and other activities.
Revenue Increase Analysis: Total revenues rose by approximately 5% as compared to the prior year's quarter, benefiting from the growth of our fleet, partially offset by lower end-of-lease revenue.
Portfolio Revenue Stability: Our portfolio yielded, net of end-of-lease revenue, maintenance reserve revenue, and lease cost amortization remained relatively flat as compared to the second quarter.
End-of-Lease Revenue Decline: During the third quarter, we recognized a $12 million decrease in end-of-lease revenue as compared to the prior year period.
Limited Lease Expirations: As we've discussed previously, we've had very limited lease expirations in 2024, and most leases scheduled to expire were extended as a product of the strong demand environment that we are currently experiencing, resulting in very limited end-of-lease revenue recognized in the period.
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AL Earning Call Sentiment
Air Lease Corporation (AL) Q3 2024 Earnings Conference Call Transcript
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AL.N
-0.67%Positive
The earnings call revealed mixed signals: strong financial performance with revenue growth and a dividend increase, but challenges like rising interest expenses, supply chain constraints, and regulatory issues. The Q&A indicated some uncertainty in profit margins and lack of guidance. The positive aspects are offset by risks and uncertainties, resulting in a neutral sentiment for stock price movement.