Heico Q3 Sales Jump 19.3% to $1.21 B, Q4 Growth Forecast Slows to 13.2%
Heico reported Q3 revenue of $1.21 billion, a 19.3% year-on-year increase, beating analysts’ revenue and adjusted operating income estimates. Analysts forecast Q4 revenue growth of 13.2% year-on-year, down from last year’s 14.9% increase, with consensus estimates largely unchanged over the past month.
1. Q3 Financial Performance
Heico reported Q3 revenue of $1.21 billion, a 19.3% year-on-year increase, beating analysts’ revenue and adjusted operating income estimates.
2. Q4 Revenue Outlook
Analysts forecast Q4 revenue growth of 13.2% year-on-year, down from last year’s 14.9% increase, with consensus estimates largely unchanged over the past month.
3. Peer Benchmarking
Woodward posted 29% revenue growth, topping forecasts by 11.9% and seeing its stock rise 13.4%, while Boeing delivered 57.1% revenue gains and beat estimates by 6.9% but saw shares drop 2.8%.
4. Market and Analyst Sentiment
Aerospace peers have gained 4.3% on average over the past month versus Heico’s 3.4% rise, and Heico trades below an average analyst price target of $373.56 after multiple revenue misses in two years.