AAR Corp. Set to Report Earnings with Positive Outlook

AAR Corp. is slated to announce its quarterly earnings, with analysts expecting a 3.85% increase in earnings per share. The company has a solid track record of meeting and exceeding expectations, which may positively impact its stock price.

Date: 24-09-2024

AI Rating: 7

AAR Corp. (AIR) is scheduled to report its earnings after hours, showcasing a consensus earnings per share (EPS) forecast of $0.81 for the quarter ending August 31, 2024. This forecast indicates a 3.85% increase compared to the same quarter of the prior year, highlighting a trajectory of positive performance.

Over the past year, AAR Corp. has met analysts' expectations once and surpassed them in the remaining three quarters. This consistent performance could bolster investor confidence, potentially influencing the stock price positively.

Additionally, Zacks Investment Research notes that the Price to Earnings (P/E) ratio for AAR Corp. is 18.62, significantly lower than the industry average of 34.00. This suggests that the stock may be undervalued relative to its industry peers, making it an attractive opportunity for investors.

Stocks: AIR