Published on 18 May 2024 on Zacks · via Yahoo Finance
Aercap Holdings N.V. (AER) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of AerCap (AER)? Shares have been on the move with the stock up 5.8% over the past month. The stock hit a new 52-week high of $93.71 in the previous session. AerCap has gained 24.7% since the start of the year compared to the 4.1% move for the Zacks Finance sector and the 16.8% return for the Zacks Financial - Leasing Companies industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on May 1, 2024, AerCap reported EPS of $3.29 versus consensus estimate of $2.31 while it beat the consensus revenue estimate by 6.04%.