Fly Leasing Limited (NYSE:FLY) is set to announce third quarter earning results on Thursday 12th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FLY to report 3Q20 income of $ 0.36 per share.
For the full year, analysts anticipate top line of $ 355.49 million, while looking forward to income of $ 2.09 per share bottom line.
Previous Quarter Performance
Fly Leasing Limited unwinded income for the second quarter of $ 0.37 per share, from the revenue of $ 79.96 million. The quarterly earnings dropped 77.84 percent while revenues dropped 42.49 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.34 per share from $ 79.37 million in revenue. The bottom line results beat street analysts by $ 0.03 or 8.82 percent, at the same time, top line results outshined analysts by $ 0.59 million or 0.74 percent.
Stock Performance
Shares of Fly Leasing Limited traded up $ 0.21 or 2.79 percent on Wednesday, reaching $ 7.75 with volume of 262.70 thousand shares. Fly Leasing Limited has traded high as $ 7.74 and has cracked $ 7.39 on the downward trend
The closing price of $ 7.75, representing a 121.11 % increase from the 52 week low of $ 3.41 and a 62.97 % decrease over the 52 week high of $ 20.36.
The company has a market capital of $ 236.23 million and is part of the Industrials sector and Rental & Leasing Services industry.
Conference Call
Fly Leasing Limited will be hosting a conference call at 9:00 AM eastern time on 12th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 866-438-0730 (United States) or +1 409-220-9381 Outside U.S., with passcode : 3499165 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.flyleasing.com
Fly Leasing Limited, through its subsidiaries, purchases and leases commercial aircraft under multi-year contracts to various airlines worldwide. As of December 31, 2018, it had a portfolio of 101 aircraft, including 90 narrow-body passenger aircraft and 11 wide-body passenger aircraft, as well as 7 engines. The company was founded in 2007 and is headquartered in Dun Laoghaire, Ireland.
