HEICO CORP NEW (HEI)

NYSEIndustrialsAerospace & DefenseSnapshot 2026-10-23

$297.36-0.89%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge HEICO CORP NEW’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+0.2%

+10% or more+5%0%−5%−10% or less

7.16 → 7.18 EPS · FY ending Oct 31, 2027 · 16 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 17 to 16; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-10-31
Revenue	—	1.43B
EPS	—	1.646
Annual ending 2026-10-31
Revenue	—	5.41B
EPS	—	6.337
Annual ending 2027-10-31
Revenue	—	6.01B
EPS	—	7.176

Management figures unavailable.

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Sustain dividend growth and strong cash flow	The company raises dividends, showing strong cash flow and shareholder focus.	Intact	Dividend growth stops or is cut	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Maintain healthy profit margins	Profit margins remain healthy despite sector headwinds.	Intact	Profit margins decline more than 5 percentage points from current levels	Operating margin: 25.14% FY2026-Q3; GAAP. Published target: Maintain profit margins near current levels. Target percentage unit is not explicit. Source published Aug 27, 202625.136902 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q3 · Period ending Jul 31, 2026 Source: company_financial_results. Reference: b115b58e-6bc2-4d0a-8827-f30cc13e8dd8. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Increase net sales in Flight Support and Electronic Technologies	A primary condition in HEICO CORP NEW's published investment case. The stated target is >=13% YoY revenue growth.	Improving	YoY revenue growth falls below 10% next year	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 3 of last 3 quarters. Net sales grew from $1.148B in 2025-Q3 to $1.413B in 2026-Q3 (+23%). Flight Support Group sales rose 18% and Electronic Technologies Group sales rose 36% over the same period. Management consistently emphasized organic growth and acquisitions supporting this trajectory, which is delivering. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-10-31 · fmp

FY2027 EPS$7.18

$6.89 → $7.18 · observed estimates

FY2027 revenue$6.01B

$5.83B → $6.01B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$6.89	$5,834,163,585	15 / 15
2026-07-25	$6.89	$5,834,163,585	15 / 15
2026-07-26	$6.89	$5,834,163,585	15 / 15
2026-07-27	$6.89	$5,834,163,585	15 / 15
2026-07-28	$6.89	$5,834,163,585	15 / 15
2026-07-29	$6.89	$5,834,163,585	15 / 15
2026-07-30	$6.89	$5,834,163,585	15 / 15
2026-07-31	$6.89	$5,834,163,585	15 / 15
2026-08-01	$6.89	$5,834,163,585	15 / 15
2026-08-02	$6.89	$5,834,163,585	15 / 15
2026-08-03	$6.89	$5,834,163,585	15 / 15
2026-08-04	$6.89	$5,834,163,585	15 / 15
2026-08-05	$6.89	$5,834,163,585	15 / 15
2026-08-06	$6.89	$5,834,163,585	15 / 15
2026-08-07	$6.89	$5,834,163,585	15 / 15
2026-08-08	$6.89	$5,834,163,585	15 / 15
2026-08-09	$6.89	$5,834,163,585	15 / 15
2026-08-10	$6.93	$5,806,775,200	21 / 20
2026-08-12	$6.89	$5,834,163,585	15 / 15
2026-08-13	$6.89	$5,834,163,585	15 / 15
2026-08-14	$6.89	$5,834,163,585	15 / 15
2026-08-15	$6.89	$5,834,163,585	15 / 15
2026-08-16	$6.89	$5,834,163,585	15 / 15
2026-08-17	$6.89	$5,834,163,585	15 / 15
2026-08-18	$6.89	$5,834,163,585	15 / 15
2026-08-19	$6.89	$5,834,163,585	15 / 15
2026-08-20	$6.90	$5,843,452,885	15 / 15
2026-08-21	$6.90	$5,843,452,885	15 / 15
2026-08-22	$6.90	$5,843,452,885	15 / 15
2026-08-23	$6.90	$5,843,452,885	15 / 15
2026-08-24	$6.90	$5,843,452,885	15 / 15
2026-08-25	$6.90	$5,843,452,885	15 / 15
2026-08-26	$6.90	$5,843,457,647	15 / 15
2026-08-27	$6.90	$5,843,457,647	15 / 15
2026-08-28	$6.90	$5,843,457,647	15 / 15
2026-08-29	$7.05	$5,955,290,530	16 / 15
2026-08-30	$7.09	$5,967,010,925	16 / 15
2026-08-31	$7.09	$5,967,010,925	16 / 16
2026-09-01	$7.11	$5,973,613,115	16 / 16
2026-09-02	$7.13	$5,979,560,734	16 / 16
2026-09-03	$7.13	$5,979,560,734	16 / 16
2026-09-04	$7.13	$5,983,197,758	16 / 16
2026-09-05	$7.13	$5,983,446,608	16 / 17
2026-09-06	$7.13	$5,983,446,608	16 / 17
2026-09-07	$7.13	$5,983,446,608	16 / 17
2026-09-08	$7.13	$5,983,446,608	16 / 17
2026-09-09	$7.13	$5,983,446,608	16 / 17
2026-09-10	$7.14	$5,994,038,468	16 / 17
2026-09-11	$7.14	$5,994,038,468	16 / 17
2026-09-12	$7.14	$5,994,038,468	16 / 17
2026-09-13	$7.14	$5,994,038,468	16 / 17
2026-09-14	$7.14	$5,994,038,468	16 / 17
2026-09-15	$7.14	$5,994,038,468	16 / 17
2026-09-16	$7.13	$5,994,977,602	17 / 18
2026-09-17	$7.16	$6,003,390,695	17 / 18
2026-09-18	$7.16	$6,003,390,695	17 / 18
2026-09-19	$7.16	$6,003,390,695	17 / 18
2026-09-20	$7.16	$6,003,390,695	17 / 18
2026-09-21	$7.16	$6,003,390,695	17 / 18
2026-09-22	$7.16	$6,003,390,695	17 / 18
2026-09-23	$7.16	$6,003,390,695	17 / 18
2026-09-24	$7.16	$6,003,390,695	17 / 17
2026-09-25	$7.16	$6,003,390,695	17 / 17
2026-09-26	$7.16	$6,003,390,695	17 / 17
2026-09-27	$7.16	$6,003,390,695	17 / 17
2026-09-28	$7.16	$6,003,390,695	17 / 17
2026-09-29	$7.16	$6,003,390,695	17 / 17
2026-09-30	$7.16	$6,003,390,695	17 / 17
2026-10-01	$7.16	$6,003,390,695	17 / 17
2026-10-02	$7.16	$6,003,390,695	17 / 17
2026-10-03	$7.16	$6,003,390,695	17 / 17
2026-10-04	$7.16	$6,003,390,695	17 / 17
2026-10-05	$7.16	$6,003,390,695	17 / 17
2026-10-06	$7.16	$6,002,724,028	17 / 17
2026-10-07	$7.16	$6,002,724,028	17 / 17
2026-10-08	$7.16	$6,005,640,695	16 / 17
2026-10-09	$7.16	$6,004,220,100	16 / 17
2026-10-10	$7.16	$6,004,220,100	16 / 17
2026-10-11	$7.18	$6,006,420,100	15 / 17
2026-10-12	$7.18	$6,006,420,100	15 / 17
2026-10-13	$7.18	$6,006,420,100	15 / 17
2026-10-14	$7.18	$6,006,420,100	15 / 17
2026-10-15	$7.18	$6,006,420,100	15 / 17
2026-10-16	$7.18	$6,006,420,100	15 / 17
2026-10-17	$7.18	$6,006,420,100	15 / 17
2026-10-18	$7.18	$6,006,290,292	15 / 17
2026-10-19	$7.18	$6,006,290,292	15 / 17
2026-10-20	$7.18	$6,006,290,292	16 / 17
2026-10-21	$7.18	$6,006,290,292	16 / 17
2026-10-22	$7.18	$6,006,290,292	16 / 17
2026-10-23	$7.18	$6,006,290,292	16 / 17
2026-10-24	$7.18	$6,006,290,292	16 / 17

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	15	8	1
2026-06-01	15	8	0
2026-07-01	15	8	0
2026-08-01	14	8	1
2026-09-01	15	10	1
2026-10-01	14	10	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 14 Buy / Strong Buy · 10 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades3 maintains

Recent actions · Sep 25–Oct 24 · 3 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Morgan StanleyOct 16 · prior Sep 2

$365.00 → $345.00-5.5%

$0$200.75$401.50

0 raises · 1 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Sustain dividend growth and strong cash flowDirect metric needs a verified mapping
Maintain healthy profit marginsOperating margin: 25.14%
Increase net sales in Flight Support and Electronic TechnologiesDirect metric needs a verified mapping

Next proof point

Dec 17, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.0%Typical daily move · historical

Downside history

-27.1%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

HEICO CORP NEW outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

This investment represents a durable compounder with a focus on growth through sales increases and acquisitions. The current thesis state is stable, supported by strong recent financial performance, but faces sector headwinds.

What's priced into HEICO CORP NEW

The market currently prices HEI at a premium compared to its peers, indicating that investors expect continued strong performance. The expectations gap is minimal, suggesting that the market is not overly aggressive in its assumptions.

What the fundamentals likely do

Fundamentals are likely to remain strong as management focuses on increasing net sales and maintaining cash flow. Recent results show positive trends, but there is a moderate risk due to potential sector challenges.

What HEICO CORP NEW hinges on

The thesis hinges on the performance of sector bellwethers like SPCX, GE, and RTX. If these companies continue to perform well, it could support HEI's growth; however, any negative guidance from them could impact HEI's momentum.