Atlas Air Worldwide (AAWW) closed the last trading day at $68.45, moving +0.19% from the previous trading session. This change outpaced the S&P 500’s 1.21% loss on the day. Meanwhile, the Dow lost 0.33% and the Nasdaq, a technology-heavy index, lost 0.49%.
Going into today, shares of the aircraft leasing company and service provider had lost 18.65% in the past month, lagging the sector’s 1.94% loss transportation and the 5.85% gain in the S&P 500 during this period.
Investors are hoping for strength from Atlas Air Worldwide as its next earnings release approaches. On that day, Atlas Air Worldwide is expected to report earnings of $2.46 per share, which would represent year-over-year growth of 0.41%. Meanwhile, our latest consensus estimate calls for revenue of $1 billion, up 16.41% from the prior year quarter.
Zacks consensus estimates for AAWW’s full year call for earnings of $14.06 per share and revenue of $4.01 billion. These results would represent year-over-year variations of -24.04% and -0.63%, respectively.
Investors might also notice recent changes in analyst estimates for Atlas Air Worldwide. These revisions generally reflect the latest short-term trading trends, which may change frequently. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Research indicates that these revisions to estimates are directly correlated to near-term stock price dynamics. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 The Zacks Consensus EPS estimate has remained flat over the past month. Atlas Air Worldwide currently holds a Zacks rank of #3 (Hold).
In terms of valuation, Atlas Air Worldwide is currently trading at a Forward P/E ratio of 4.86. For comparison, its industry has an average Forward P/E of 14.77, meaning Atlas Air Worldwide is trading at a discount to the group.
The Transportation – Air Cargo and Freight industry is part of the Transportation sector. This group has a Zacks industry ranking of 75, which places it in the top 30% of over 250 industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to track all of these stock movement metrics, and more, at Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.