AER - AerCap Stock After Q1 Earnings: Still A Strong Buy?
2024-05-02 10:40:15 ET
Summary
- AerCap Holdings N.V. reported Q1 earnings, beating revenue estimates by $70 million and increasing guidance for 2024 earnings.
- The company's liquidity remains robust with $19 billion in liquidity for the next 12 months.
- AerCap's stock price valuation based on EV/EBITDA method shows significant upside, with a 21% upside based on peer group valuation and 33% upside based on the company's long-term valuation.
AerCap Holdings N.V. (AER) reported first quarter earnings on the 1 st of May. AerCap beat earnings estimates by $0.90 per share while beating revenue estimates by $70 million. As AerCap guides without any gain of sales factored in, the Irish lessor guides conservatively, which I believe also leads to conservative analyst estimates. With that in mind, I don’t attach a lot of value to AerCap beating estimates. In this report, I will be discussing several topics:
- AerCap stock price performance
- AerCap Q1 2024 earnings
- AerCap liquidity
- The updated guidance for 2024 earnings
- AerCap’s valuation based on book value and EV/EBITDA
- Risks and opportunities for AerCap.