WLFC Earnings Prediction
The chart below shows how WLFC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, WLFC sees a -7.42% change in stock price 10 days leading up to the earnings, and a +5.66% change 10 days following the report. On the earnings day itself, the stock moves by +7.41%. This data can give you a slight idea of what to expect for the next quarter's release.
WLFC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
142.81M
37.80%
-4.05%
Gross Margin
72.75%
-3.99%
-6.30%
Operating Margin
41.11%
13.13%
-19.86%
Net Margin
16.87%
19.65%
-41.03%
EPS
3.37
58.22%
-45.73%
No Data Available
WLFC Earnings Analysis
Willis Lease Finance Corp Corporation (WLFC.O) Earnings Conference Call
Positive
Earnings Before Tax Surge: The company produced strong earnings with $34.5 million in third quarter earnings before tax (EBT), reflecting a 69% increase compared to the same quarter in 2023.
Record Year-to-Date EBT: Year-to-date EBT reached $122.3 million, exceeding full-year performance in any prior year of the company's history.
Record Core Leasing Revenues: Total revenues for the quarter were $146.2 million, driven by core leasing revenues, which included $68.3 million in lease revenues, marking an all-time high.
Maintenance Reserve Revenue Increase: Maintenance reserve revenues for the quarter were $49.8 million, up $12.1 million or 32% from the comparable quarter in 2023.
Quarterly Dividend Announcement: The company announced a second quarterly dividend of $0.25 per share to be paid on November 21, 2024, to holders as of November 12, 2024.
Negative
Record Pre-Tax Earnings: Q3 pre-tax earnings or EBT of approximately $35 million is our second highest on record and represents our highest when you adjust for long-term maintenance reserves, which tend to run lower, when lessees opt to extend leases rather than return engines.
Production and Repair Challenges: Issues continue to affect the OEM's ability to produce new assets and parts and the MROs continue to struggle to repair engines in a timely manner.
Narrow Body Aircraft Demand: The Boeing strike is exacerbating this problem and is resulting in more of our customers seeking to extend the lives of their current generation narrow body aircraft.
Airlines Retract Aircraft RFPs: We have seen specific examples recently where airlines had RFPs in the market to sell their fleets of aircraft over the next 12 months, but have recently retracted those RFPs as they don't have a clear picture of when they can expect their new aircraft to deliver.
Maintenance Reserve Revenue Increase: Our maintenance reserve revenues for the quarter were $49.8 million, up $12.1 million or 32% from the comparable quarter in 2023.
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WLFC Earning Call Sentiment
Willis Lease Finance Corporation (WLFC) Q3 2024 Earnings Call Transcript
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00:00
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WLFC.O
-1.45%Positive
The earnings call showed strong financial performance with significant revenue growth in equipment sales and gain on asset sales. The Q&A highlighted stable lease rates and a strategy for asset acquisition. Despite increased costs, the company reduced leverage and reported a high EPS. However, management's lack of clarity on shareholder returns and capital allocation is a concern. Overall, the strong financial metrics and positive outlook for growth support a positive sentiment, suggesting a potential stock price increase of 2% to 8%.