Heico Stock Falls After the Aerospace Supplier’s Earnings Beat Estimates. Here’s Why.

Monday evening, aerospace aftermarket parts leader HEICO reported better-than-expected fiscal third-quarter sales and earnings. Shares are down anyway because investors wanted more.

HEICO stock is down about 5.3% in premarket trading at $159, while S&P 500 and Dow Jones Industrial Average futures are both up about 0.1%. HEICO is also a high-expectations growth stock. Shares trade for about 46 times estimated 2024 earnings. What’s more, HEICO has beaten Wall Street’s bottom-line earnings in eight of the past 10 quarters. Shares dropped the day following three of the quarterly beats.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

These Stocks Are Moving the Most Today: NIO, AT&T, Heico, 3M, Oracle, Best Buy, and MoreNIO's results miss estimates, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »

CrowdStrike Stock Falls on Downgrade Ahead of EarningsMorgan Stanley analyst Hamza Fodderwala downgrades the shares to Equal Weight from Overweight, citing a difficult demand environment.
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »