
Air Lease (AL) Stock Forecast & Price Target
Air Lease (AL) Analyst Ratings
Bulls say
Air Lease Corp. reported a significant revenue increase in 4Q23, leading to a raised forward estimate of adjusted pre-tax earnings per share (EPS) for 2024 and 2025 by 3% and 2%, respectively, driven by lower expected interest costs. The company's adjusted pre-tax EPS for 4Q23 was $1.92, surpassing consensus estimates by 29% and reflecting robust lease revenues from fleet expansion and strong lease activity. Additionally, Air Lease's performance is bolstered by gains from aircraft sales, indicating a healthy financial outlook and operational strength in the competitive aircraft leasing market.
Bears say
Air Lease Corp faces a potential negative outlook due to the inadequate re-rating of its shares and the anticipated disappointment regarding its two-year-forward Return on Tangible Common Equity (RoTCE) prospects. This situation raises concerns about the company's ability to generate sustainable financial performance in the aircraft leasing sector. Furthermore, the possibility of share prices reverting to their trailing 12-month trough indicates a lack of investor confidence and weak market sentiment surrounding the company's future revenue trajectory.
This aggregate rating is based on analysts' research of Air Lease and is not a guaranteed prediction by Public.com or investment advice.
Air Lease (AL) Analyst Forecast & Price Prediction
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