What To Expect From AAR's (AIR) Q2 Earnings

What To Expect From AAR's (AIR) Q2 Earnings

Aviation and defense services provider AAR CORP (NYSE:AIR) will be reporting earnings tomorrow after market close. Here's what you need to know.

AAR met analysts' revenue expectations last quarter, reporting revenues of $567.3 million, up 8.9% year on year. It was an ok quarter for the company, with a decent beat of analysts' earnings estimates.

Is AAR a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting AAR's revenue to grow 19.2% year on year to $659.6 million, improving from the 16.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.85 per share.

AAR Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AAR has missed Wall Street's revenue estimates three times over the last two years.

With AAR being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for aerospace and defense stocks. However, there has been positive investor sentiment in the segment, with share prices up 8.3% on average over the last month. AAR is up 6.9% during the same time and is heading into earnings with an average analyst price target of $83.2 (compared to the current share price of $75.54).

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