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StockNews.com
Business
Mangeet Kaur Bouns

Heico (HEI) Pre-Earnings Analysis: What Investors Should Know Before Buying

HEICO Corporation (HEI), an aerospace and defense components provider, is scheduled to release its financial results for the fourth quarter on December 18, 2023, after the NYSE closing. Analysts expect the company’s revenue for the quarter (ended October 31, 2023) to increase 47.5% year-over-year to $899.05 million.

However, the company’s fourth-quarter EPS is expected to decline 3.1% year-over-year to $0.68. Despite that, HEI topped the consensus revenue estimates in all four trailing quarters and the consensus EPS estimates in three of the trailing four quarters, which is impressive.

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