Why These Defense Stocks Are Gaining This Week

6. HEICO Corporation (NYSE:HEI-A)

Weekly Gains: 4.29%

HEICO Corporation (NYSE:HEI-A) is an aerospace and technology company that manufactures jet engines and aircraft parts.

For the past several decades, it has supported the government through activities such as reverse engineering, manufacturing aircraft engines and parts, and repair and maintenance services.

The company is set to announce financial results for the first quarter of fiscal 2025 on February 26. Wall Street analysts expect HEICO Corporation (NYSE:HEI-A) to post quarterly earnings per share of $0.93, reflecting a 13.4% year-over-year increase. Revenues are also forecast to grow by 8.3% compared to the prior year’s quarter.

HEICO Corporation (NYSE:HEI-A)’s share price has gained more than 4% over the past week in the countdown to the earnings call. Wall Street analysts are bullish on the stock, with a consensus Buy rating.