FTAI Aviation Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

FTAI Aviation (NASDAQ:FTAI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$443.6m (up 62% from 2Q 2023).
• Net loss: US$219.9m (down from US$46.4m profit in 2Q 2023).
• US$2.18 loss per share (down from US$0.47 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

FTAI Aviation Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for FTAI Aviation that you need to take into consideration.

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