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Higher earnings and revenue forecasts generally indicate strong performance. Increased price targets from multiple analysts suggest growing confidence in HEI’s future.
What happened, with direct paths to the underlying reporting
HEI's Q3 earnings projected at $1.14, up from 97 cents last year. Revenue expected to reach $1.12 billion, compared to $992.25 million prior. Recent acquisition of Gables Engineering could enhance HEI's growth prospects. Analysts remain positive, raising price targets for HEI shares significantly. HEI shares increased by 0.6%, closing at $309.59.
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