Atlas Air Worldwide (AAWW) wins but lags the market: what you need to know

Atlas Air Worldwide (AAWW) closed the last trading day at $78.55, moving +0.28% from the previous trading session. That move lagged the S&P 500’s 0.84% ​​daily gain. Meanwhile, the Dow gained 1.06% and the Nasdaq, a technology-heavy index, added 0.1%.

Prior to today’s trading, shares of the aircraft leasing company and service provider had lost 8.96% in the past month. This was lower than the transportation sector’s loss of 4.19% and the S&P 500’s loss of 4.03% during this period.

Wall Street will be looking for positivity from Atlas Air Worldwide as its next earnings release date approaches. That is expected to be February 17, 2022. In this report, analysts expect Atlas Air Worldwide to post earnings of $6.11 per share. This would mark a year-over-year growth of 26.5%. Meanwhile, Zacks’ consensus estimate for revenue calls for net sales of $1.1 billion, up 17.62% from the year-ago period.

Investors might also notice recent changes in analyst estimates for Atlas Air Worldwide. Recent revisions tend to reflect the latest short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. In the past 30 days, our consensus EPS projection has increased by 8.08%. Atlas Air Worldwide currently has a Zacks rating of #1 (Strong Buy).

Given its valuation, Atlas Air Worldwide has a Forward P/E ratio of 6.1. This represents a discount to the average PER of its sector of 14.46.

The Transportation – Air Cargo and Freight industry is part of the Transportation sector. This industry currently has a Zacks Industry ranking of 25, which places it in the top 10% of over 250 industries.

The Zacks Industry Ranking assesses the strength of our individual 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.

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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.

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