Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Heritage Commerce Corp (HTBK) : This bank holding company for Heritage Bank of Commerce has seen the Zacks Consensus Estimate for its current year earnings increasing 6.7% over the last 60 days.Molson Coors Beverage Company (TAP) : This beer and malt beverages company has seen the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days.AerSale Corporation (ASLE) : This company that provides aftermark ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, March 27th: Molson Coors Beverage Company (TAP) : This beer and malt beverages company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. AerSale has a price-to-earnings ratio (P/E) of 13.00, compared with 36.50 for the industry. The company possesses a Value Score of B. Credit Acceptance Corporation (CACC) : This fina ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: AerSale Corporation (ASLE) Analysis - AerSale Corporation currently holds a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - ASLE shares have increased by 1.82% over the past week, outperforming the Zacks Aerospace - Defense Equipment industry, which rose by 0.63% [6] - Over the past quarter, ASLE shares have gained 33.6%, while the S&P 500 has decreased by 4.21% during the same period [7] Group 3: Trading Volume and Earnings Outlook - ASLE's average 20-day trading volume is 756,165 shares, which is a bullish indicator when combined with rising stock prices [8] - In the last two months, one earnings estimate for ASLE has increased, raising the consensus estimate from $0.40 to $0.65 [10] - The positive earnings revisions contribute to ASLE's strong performance and support its classification as a 2 (Buy) stock with a Momentum Score of A [12]

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, March 21st:RWE AG (RWEOY) : This company which is active in the generation and transmission as well as the sale and trading of electricity, gas and water business in Continental Europe, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 2.2% over the last 60 days.RWE AG’s shares gained 17.8% over the last three month compared with the S&P ...

AerSale Corporation (ASLE) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked ...

Seeking breakout stocks in a specific price range is an active investing approach. If the price falls below the lower band, sell; if it exceeds the upper band, hold for gains.To that end, AerSale Corporation (ASLE) , Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) and Deutsche Lufthansa AG (DLAKY) have been selected as today’s breakout stocks.Zeroing in on Breakout StocksTo pick a breakout stock, calculate support and resistance levels. A support level is the lower bound for stock movements, while a resistance ...

For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has AerSale Corporation (ASLE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.AerSale Corporation is one of 51 companies in the Aerospace group. The Aerospace group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the ...

AerSale Corporation (ASLE) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between t ...

Financial Performance - Total revenue for 2024 was $345.066 million, a slight increase from $334.503 million in 2023, but a decrease from $408.544 million in 2022[271]. - Gross profit increased to $103.936 million in 2024, compared to $92.421 million in 2023, reflecting a gross margin improvement[271]. - Net income for 2024 was $5.851 million, a recovery from a net loss of $5.563 million in 2023[271]. - Total assets grew to $604.723 million in 2024, up from $553.938 million in 2023, indicating strong asset management[268]. - Current liabilities increased significantly to $74.970 million in 2024, compared to $45.713 million in 2023, primarily due to higher accounts payable and accrued expenses[268]. - Cash and cash equivalents decreased to $4.698 million in 2024 from $5.873 million in 2023, indicating a need for improved cash flow management[268]. - The company reported a basic earnings per share of $0.11 in 2024, recovering from a loss of $0.11 in 2023[271]. - The total stockholders' equity increased to $455.620 million in 2024, up from $445.015 million in 2023, reflecting positive retained earnings growth[268]. - Operating cash flow improved to $11,184 million in 2024, compared to a cash outflow of $174,150 million in 2023[276]. - Total revenue for the year ended December 31, 2024, was $345,066 thousand, representing an increase of 3.4% from $334,503 thousand in 2023[360]. - The Company reported a significant increase in USM revenue, which grew to $83,174 thousand in 2024, up from $63,418 thousand in 2023, marking a 31% increase[360]. - Domestic revenue increased significantly to $215.198 million in 2024, up from $145.076 million in 2023, representing a growth of 48.3%[422]. Asset Management - Goodwill related to the Asset Management Solutions (AMS) and Aircraft Composite Technologies (ACT) reporting units was $13.4 million and $6.0 million, respectively, as of December 31, 2024[259]. - The Asset Management Solutions segment generated $215.467 million in revenue for 2024, consistent with $215.167 million in 2023[417]. - The company reported a segment income from operations of $55.004 million for Asset Management Solutions in 2024, compared to $36.705 million in 2023, marking a significant increase of 50.5%[420]. Inventory and Capital Expenditures - The company’s inventory of aircraft, airframes, engines, and parts increased to $224.832 million in 2024 from $177.770 million in 2023, indicating expansion in operational capacity[268]. - Inventory as of December 31, 2024, totaled $355,790 thousand, up from $329,168 thousand in 2023, indicating an 8.1% increase[361]. - The Company recorded scrap loss reserves of $2,798,000 for the year ended December 31, 2024, compared to $1,507,000 in 2023, indicating an increase in inventory scrap losses[297]. - Total capital expenditures for 2024 were $29.030 million, a substantial increase from $11.359 million in 2023[421]. Debt and Interest - As of December 31, 2024, AerSale had $39.2 million in outstanding variable rate borrowings under the Revolving Credit Agreement and $1.8 million under the CIBC Equipment Loan[244]. - The total outstanding debt obligations rose to $41.0 million in 2024 from $37.6 million in 2023, marking a 6.5% increase[382]. - Interest expense on the Revolving Credit Agreement for the year ended December 31, 2024, was $4.8 million, a significant increase from $0.7 million in 2023[388]. - The interest rate on the Wells Fargo Senior Secured Revolving Credit Agreement was 7.52% as of December 31, 2024, down from 7.69% in 2023[387]. - The effective interest rate on the CIBC Equipment Loan was 7.37% as of December 31, 2024, with no interest expense recorded for the year[393]. Risk Factors - The company operates in a highly competitive market with risks including supply chain disruptions and the fluctuating market value of products[18]. - The company is subject to significant government regulation, which may require incurring substantial compliance costs[18]. - The company’s financial position is influenced by interest rate fluctuations and foreign exchange rates, representing a market risk[243]. - The company’s future results may differ materially from expectations due to various risk factors, including economic conditions and operational challenges[11]. - The Company is subject to various risks, including economic conditions in the commercial aviation industry and potential defaults by lessees[347]. Accounting and Compliance - The company evaluates the cost of used serviceable material (USM) inventory based on a ratio of the cost of dismantled aircraft to the estimated sales value, which requires significant management judgment[254]. - The Company recognized revenue from Used Serviceable Material (USM) sales upon shipment, with no right of return for customers, adhering to ASC 606 standards[312]. - Revenue from whole asset sales is recognized when control is transferred to the customer, with payment required in full upon acceptance of the asset[314]. - Leasing revenue is reported on a straight-line basis over the life of the lease, including supplemental rent based on utilization and maintenance requirements[315]. - The Company capitalizes costs for planned major maintenance that materially increases the long-term value of Flight Equipment, depreciating these costs over the lesser of the remaining useful life or the estimated useful life of the improvements[322]. - The carrying value of inventory is regularly reviewed, with adjustments made for slow-moving, obsolete, or damaged inventory as necessary[295]. - The Company’s annual assessment date for goodwill is October 1st, with no impairments recorded as of the last assessment[303]. - Intangible assets with indefinite lives are assessed for impairment annually, with no impairments identified in the latest evaluations[306]. - Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in future years[337]. Shareholder Information - The Company issued 89,923 shares under the 2020 Employee Stock Purchase Plan (ESPP) in 2024, compared to 45,755 shares in 2023[412]. - As of December 31, 2024, the Company had 1,380,277 outstanding restricted stock units, with a weighted average grant date fair value of $8.38[405]. - The Company granted 646,301 stock options in 2024, with a weighted average exercise price of $7.02[411]. - The Company recognized share-based compensation expense of $7.9 million for performance-based awards in 2023, while no expense was recognized for 2024 due to performance milestones not being probable[408].

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.AerSale (NASDAQ: ASLE ) stock has surged 17% after the company posted fourth quarter results that exceeded expectations . In November, I attached an $8.17 price target to the stock. That price target has now been reached, fully in line with my expe ...