Heico CorporationEarnings preview with expected 18% revenue growth, but past misses and unchanged stock price create uncertainty.
HEICO is set to report its second-quarter earnings this Tuesday after market hours, with analysts expecting revenue to grow 18% year on year. The aerospace and defense company beat revenue expectations last quarter, reporting $1.38 billion, up 25.3% year on year, along with solid beats on EBITDA and EPS estimates. Analysts have generally reconfirmed their estimates over the last 30 days, though HEICO has missed Wall Street's revenue estimates multiple times over the last two years. Peers Astronics and ATI have already reported Q2 results, with Astronics delivering 27% year-on-year revenue growth and ATI reporting a 10.6% increase, both beating expectations. HEICO's stock price was unchanged over the last month, and it heads into earnings with an average analyst price target of $389.26 compared to the current share price of $355.51.
Heico CorporationEarnings preview with expected 18% revenue growth, but past misses and unchanged stock price create uncertainty.
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