Home Earnings Preview What To Expect From Heico Corporation ($HEI) 4Q20 Earnings

What To Expect From Heico Corporation ($HEI) 4Q20 Earnings


Heico Corporation (NYSE:HEI) is set to announce fourth quarter earning results on Monday 21st December 2020, after market close.

Analysts surveyed by Thomson Reuters are predicting, HEI to report 4Q20 income of $ 0.41 per share.

For the full year, analysts anticipate top line of $ 1778.63 million, while looking forward to income of $ 2.24 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 2,179.00 million ~ $ 2,220.00 million

Click Here For More Historical Outlooks Of Heico Corporation

Previous Quarter Performance

Heico Corporation came out with income for the third quarter of $ 0.40 per share, from the revenue of $ 386.41 million. The quarterly earnings dropped 32.20 percent compared with the same quarter last year. Wall street analysts are predicting, HEI to report 3Q20 income of $ 0.32 per share from revenue of $ 384.47 million. The bottom line results beat street analysts by $ 0.08 or 25.00 percent, at the same time, top line results outshined analysts by $ 1.94 million or 0.50 percent.

Stock Performance

Shares of Heico Corporation traded up $ 1.53 or 1.16 percent on Friday, reaching $ 133.09 with volume of 874.80 thousand shares. Heico Corporation has traded high as $ 134.23 and has cracked $ 131.16 on the downward trend

According to the previous trading day, closing price of $ 133.09, representing a 152.95 % increase from the 52 week low of $ 52.01 and a 4.65 % decrease over the 52 week high of $ 137.97.

The company has a market capital of $ 16.91 billion and is part of the Industrials sector and Aerospace & Defense industry.

Recent Analyst recommendations

  • On 16th December 2020, maintained by Canaccord Genuity at Hold rating, with $ 125.00 target price.

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The companys Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components. This segment also distributes hydraulic, pneumatic, structural, interconnect, mechanical, and electro-mechanical components for the commercial, regional, and general aviation markets; and offers repair and overhaul services for jet engine and aircraft component parts, avionics, instruments, composites, and flight surfaces of commercial aircraft, as well as for avionics and navigation systems, subcomponents, and other instruments utilized on military aircraft.

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