Atlas Air Worldwide closed at $68.42 in the latest trading session, marking a -1.71% move from the prior day. This change was narrower than the S&P 500's 2.77% loss on the day. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.
Coming into today, shares of the airplane leasing company and service provider had lost 21.22% in the past month. In that same time, the Transportation sector lost 5.83%, while the S&P 500 lost 1.35%.
Investors will be hoping for strength from Atlas Air Worldwide as it approaches its next earnings release, which is expected to be May 5, 2022. In that report, analysts expect Atlas Air Worldwide to post earnings of $2.46 per share. This would mark year-over-year growth of 0.41%. Our most recent consensus estimate is calling for quarterly revenue of $1 billion, up 16.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.06 per share and revenue of $4.01 billion. These totals would mark changes of -24.04% and -0.63%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Atlas Air Worldwide. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Atlas Air Worldwide is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Atlas Air Worldwide has a Forward P/E ratio of 4.95 right now. For comparison, its industry has an average Forward P/E of 14.76, which means Atlas Air Worldwide is trading at a discount to the group.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Image: Bigstock
Atlas Air Worldwide (AAWW) Stock Moves -1.71%: What You Should Know
Atlas Air Worldwide closed at $68.42 in the latest trading session, marking a -1.71% move from the prior day. This change was narrower than the S&P 500's 2.77% loss on the day. Elsewhere, the Dow lost 2.82%, while the tech-heavy Nasdaq lost 0.83%.
Coming into today, shares of the airplane leasing company and service provider had lost 21.22% in the past month. In that same time, the Transportation sector lost 5.83%, while the S&P 500 lost 1.35%.
Investors will be hoping for strength from Atlas Air Worldwide as it approaches its next earnings release, which is expected to be May 5, 2022. In that report, analysts expect Atlas Air Worldwide to post earnings of $2.46 per share. This would mark year-over-year growth of 0.41%. Our most recent consensus estimate is calling for quarterly revenue of $1 billion, up 16.41% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $14.06 per share and revenue of $4.01 billion. These totals would mark changes of -24.04% and -0.63%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Atlas Air Worldwide. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Atlas Air Worldwide is currently a Zacks Rank #1 (Strong Buy).
Valuation is also important, so investors should note that Atlas Air Worldwide has a Forward P/E ratio of 4.95 right now. For comparison, its industry has an average Forward P/E of 14.76, which means Atlas Air Worldwide is trading at a discount to the group.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.