HEICO reported third-quarter earnings per share of $1.67, exceeding the $1.51 estimate by $0.16, while revenue totaled $1.41 billion compared with a $1.35 billion consensus.
The aerospace components manufacturer posted results for the period ended July 31. The EPS beat marks a 10.6% increase over the prior-year quarter’s $1.51.
Revenue rose 4.4% year-over-year to $1.41 billion, surpassing the $1.35 billion estimate. The company’s stock closed at $257.10 on Tuesday, down 1.04% over the prior three months but up 3.53% over the past 12 months.
Analysts have revised HEICO’s EPS estimates upward and downward in the last 90 days, reflecting mixed sentiment ahead of the release. InvestingPro’s Financial Health score rated the company’s performance as great.
