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HEICO (HEI) To Report Earnings Tomorrow: Here Is What To Expect

HEI Cover Image

Aerospace and defense company HEICO (NSYE:HEI) will be reporting earnings tomorrow after the bell. Here’s what to expect.

HEICO beat analysts’ revenue expectations by 5.4% last quarter, reporting revenues of $1.03 billion, up 14.9% year on year. It was an incredible quarter for the company, with an impressive beat of analysts’ organic revenue estimates and a solid beat of analysts’ EPS estimates.

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

This quarter, analysts are expecting HEICO’s revenue to grow 11% year on year to $1.06 billion, slowing from the 38.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.03 per share.

HEICO Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. HEICO has missed Wall Street’s revenue estimates four times over the last two years.

Looking at HEICO’s peers in the aerospace segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Curtiss-Wright delivered year-on-year revenue growth of 13%, beating analysts’ expectations by 5%, and Astronics reported revenues up 11.3%, topping estimates by 7.3%. Curtiss-Wright traded up 4.3% following the results while Astronics was also up 16.6%.

Read our full analysis of Curtiss-Wright’s results here and Astronics’s results here.

There has been positive sentiment among investors in the aerospace segment, with share prices up 7.9% on average over the last month. HEICO is up 8.3% during the same time and is heading into earnings with an average analyst price target of $269.69 (compared to the current share price of $268).

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