Earnings Alerts

HEICO Corp (HEI) Earnings: 3Q EPS Beats Estimates with Flight Support Group Outperformance

  • Heico’s 3rd Quarter Earnings Per Share (EPS) are $0.97, beating the estimate of $0.93.
  • Net sales recorded at $992.2 million, slightly below the estimate of $995.6 million.
  • Flight Support Group net sales are $681.6 million, surpassing the estimate of $659 million.
  • Electronic Technologies Group net sales reached $322.1 million, below the estimate of $345.2 million.
  • Overall operating income stands at $216.4 million, marginally below the estimate of $216.9 million.
  • Flight Support Group operating income is $153.6 million, exceeding the estimate of $147.7 million.
  • Analyst Recommendations: 14 buys, 4 holds, and 2 sells.

HEICO Corp on Smartkarma

Analysts at Baptista Research have been closely covering HEICO Corp on Smartkarma, providing valuable insights for investors. In a report titled “HEICO Corporation: A Unique Competitive Edge In Defense & Aviation Markets! – Major Drivers,” the analysts highlighted the company’s exceptional second-quarter financial performance in 2024. HEICO’s operating income and net sales saw significant increases, driven by strong organic growth in the Flight Support aftermarket replacement parts segment and successful acquisitions in fiscal years 2023 and 2024.

Another report by Baptista Research, “HEICO Corporation: Is It Able To Capture Adequate Value From Acquisitions? – Major Drivers,” discussed HEICO’s promising growth trajectory in recent financial results. While noting the positive aspects of the company’s performance, the report also pointed out potential risks and downsides that investors should consider. Overall, the analysts at Baptista Research have provided a balanced view of HEICO Corp‘s performance, offering insights into both its strengths and challenges.


A look at HEICO Corp Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

HEICO Corp, a company involved in the design, manufacture, and sale of aerospace products and services, appears to have a promising long-term outlook. With a strong momentum score of 5, indicating positive market sentiment and potentially favorable price trends, HEICO Corp seems to be on a good trajectory for growth. Additionally, the company scores well in the growth category with a score of 4, suggesting potential for expansion and development in the future. Its resilience score of 3 further supports the notion of HEICO Corp‘s ability to withstand economic challenges and maintain stability.

While not scoring as high in value and dividend factors, with scores of 2 in both categories, the overall outlook for HEICO Corp seems positive, driven by its strong performance in growth and momentum. With a focus on aerospace products and services for customers globally, including major military agencies and defense contractors, HEICO Corp‘s diversified business model may contribute to its long-term success in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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