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AerCap (AER) shares ended the last trading session 7.1% higher at $95.32. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.7% loss over the past four weeks.
The stock gained following President Donald Trump's announcement that he would pause the "reciprocal" import taxes for 90 days.
This airplane leasing company is expected to post quarterly earnings of $2.70 per share in its upcoming report, which represents a year-over-year change of -17.9%. Revenues are expected to be $1.98 billion, down 1.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For AerCap, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on AER going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
AerCap belongs to the Zacks Transportation - Airline industry. Another stock from the same industry, JetBlue Airways (JBLU), closed the last trading session 19.2% higher at $4.29. Over the past month, JBLU has returned -37.3%.
For JetBlue , the consensus EPS estimate for the upcoming report has changed -192.9% over the past month to -$0.61. This represents a change of -41.9% from what the company reported a year ago. JetBlue currently has a Zacks Rank of #3 (Hold).
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Aercap Holdings N.V. (AER) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).