FTAI Aviation Ltd (NASDAQ: FTAI) saw its stock price plummet 5.27% in pre-market trading on Thursday following the release of its first-quarter 2025 financial results and a target price cut by Barclays. The aviation leasing and services company's performance fell short of analyst expectations, triggering a selloff among investors.
According to the earnings report, FTAI Aviation posted adjusted earnings of $0.87 per share for the quarter ended March 31, significantly below the mean analyst expectation of $1.18 per share. While this represents a substantial increase from $0.31 per share in the same quarter last year, it marks the third consecutive quarter that the company has missed earnings estimates. Revenue for the quarter rose 53.7% year-over-year to $502.08 million, but still fell short of the $565.45 million analysts had projected.
Adding to the pressure on FTAI's stock, Barclays lowered its target price for the company from $180 to $150. This adjustment, combined with the earnings miss, has likely contributed to investors' concerns about the company's near-term growth prospects. Despite these setbacks, it's worth noting that FTAI Aviation's net income for the quarter increased to $89.94 million, and the company maintains a "buy" rating from the majority of analysts covering the stock.
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