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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »