- AAON's Q1 earnings and revenue significantly surpassed expectations.
- Analysts project a potential 20.25% upside with an "Outperform" rating.
- GF Value suggests a 5.42% potential increase from current stock prices.
AAON Inc. (AAON, Financial) has delivered a remarkable first quarter, achieving non-GAAP earnings per share of $0.37, which beat analyst estimates by a substantial $0.13. The company's revenue reached an impressive $322.1 million, reflecting a robust 22.9% year-over-year growth and surpassing expectations by $31.66 million. Furthermore, AAON's backlog has skyrocketed by 83.9% compared to the previous year, signaling strong future demand.
Wall Street Analysts Forecast
Analysts have set a one-year average target price for AAON Inc. (AAON, Financial) at $109.75. The estimates range from a high of $125.00 to a low of $96.00. This average target suggests a potential upside of 20.25% from its current trading price of $91.27. Investors seeking detailed estimate data can refer to the AAON Inc (AAON) Forecast page.
The consensus recommendation from seven brokerage firms assigns AAON Inc. an average brokerage recommendation of 2.1, which corresponds to "Outperform" on the rating scale. This scale uses 1 for a Strong Buy and 5 for a Sell, indicating positive analyst sentiment towards the stock.
GuruFocus GF Value Analysis
According to GuruFocus estimates, the one-year GF Value for AAON Inc. (AAON, Financial) is projected at $96.22, implying a modest upside of 5.42% from its current price of $91.27. The GF Value is an insightful metric that estimates the fair value a stock should ideally trade at, grounded on historical trading multiples, prior business growth, and projected future performance. More comprehensive data and insights can be accessed on the AAON Inc (AAON) Summary page.
