Air Lease Corporation (AL) Stock Soars 0.72% on Strong Earnings

Air Lease Corporation's (AL) stock price surged to a record high today, with an intraday gain of 0.72%.

The strategy of buying AL shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.56% annualized return and a 37.12% overall gain. However, the strategy underperformed the market, as evidenced by the 14.56% annualized return and 64.02% overall gain of the S&P 500 index over the same period. The Sharpe ratio was 0.47, indicating a reasonable risk-adjusted return. The strategy's beta was 1.33, suggesting it was slightly more volatile than the market. Overall, while the strategy showed some resilience during market downturns, its performance was impacted by the slower growth of the S&P 500 index.

Air Lease Corporation's recent earnings report, released on May 5, 2025, has been a significant driver of its stock price movement. The company reported earnings per share (EPS) of $1.51, surpassing analysts' consensus estimates of $1.24. Additionally, the revenue for the quarter was $738.28 million, which not only exceeded the consensus estimate of $709.70 million but also marked an 11.3% increase compared to the same period last year. This strong financial performance has bolstered investor confidence in the company's growth prospects.

Analysts have also shown optimism towards Air Lease Corporation. The stock has received positive changes in analyst ratings, including an upgrade from "hold" to "buy" by StockNews.com. The consensus rating among analysts is "Moderate Buy" with a price target of $55.67. This positive sentiment from the analyst community further supports the upward trend in the stock price.