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ATSG has a mixed earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average beat is 1.13%.
Air Transport Services Group, Inc Price and EPS Surprise
The Zacks Consensus Estimate for the company’s soon-to-be-reported quarter’s earnings has been revised downward by 5.88% in the past 60 days to 16 cents per share.
Air Transport Services Group is being challenged by the weak demand scenario, which is likely to have adversely impacted its performance in the to-be-reported quarter. Reduced demand in both the leasing segment and passenger airline operations, along with the ongoing Israel-Hamas conflict, is expected to further affect its results.
The Zacks Consensus Estimate for revenues is pegged at $510.2 million, which indicates a decline of 3.6% from the year-ago levels.
Our estimate for ACMI (aircraft, crew, maintenance, and insurance) services is expected to decrease 7.3% year over year, while cargo aircraft management (CAM) is anticipated at $120.3 million.
On the contrary, the total operating expenses are expected to decrease by 1.5% year over year, contributing to the company’s bottom line in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Air Transport Services Group this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Air Transport Services Group has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of Q1
Quarterly earnings (excluding 3 cents from non-recurring items) of 16 cents per share surpassed the Zacks Consensus Estimate of 13 cents but plunged 55.6% year over year. Customer revenues (derived after eliminating internal revenues from total revenues) of $485.5 million edged past the Zacks Consensus Estimate of $484.2 million but fell 3.1% year over year.
Revenues from ACMI Services decreased 3.1% year over year to $323.8 million. Revenues from CAM and other operations declined 5.8% and 1.9% to $105.5 million and $109 million, respectively.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors might want to consider, as our model shows that these have the right combination of elements to beat second-quarter 2024 earnings.
ZIM Integrated Shipping Services (ZIM - Free Report) has an Earnings ESP of +73.05% and a Zacks Rank #2.The company is scheduled to report second-quarter 2024 earnings on Aug 19.
ZIM has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate only once in the preceding four quarters and missed thrice. The average miss is 26.86%.
Despegar. com (DESP - Free Report) has an Earnings ESP of +88.89% and a Zacks Rank #3.The company is scheduled to report second-quarter 2024 earnings on Aug 15.
DESP has an encouraging earnings surprise, history having surpassed the Zacks Consensus Estimate in the preceding quarter. The average beat is 41.11%.
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Air Transport Services (ATSG) Q2 Earnings Coming Up: What Awaits?
Air Transport Services Group (ATSG - Free Report) is scheduled to report second-quarter 2024 results on Aug 8 after market close.
ATSG has a mixed earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters and missing twice. The average beat is 1.13%.
Air Transport Services Group, Inc Price and EPS Surprise
Air Transport Services Group, Inc price-eps-surprise | Air Transport Services Group, Inc Quote
The Zacks Consensus Estimate for the company’s soon-to-be-reported quarter’s earnings has been revised downward by 5.88% in the past 60 days to 16 cents per share.
Air Transport Services Group is being challenged by the weak demand scenario, which is likely to have adversely impacted its performance in the to-be-reported quarter. Reduced demand in both the leasing segment and passenger airline operations, along with the ongoing Israel-Hamas conflict, is expected to further affect its results.
The Zacks Consensus Estimate for revenues is pegged at $510.2 million, which indicates a decline of 3.6% from the year-ago levels.
Our estimate for ACMI (aircraft, crew, maintenance, and insurance) services is expected to decrease 7.3% year over year, while cargo aircraft management (CAM) is anticipated at $120.3 million.
On the contrary, the total operating expenses are expected to decrease by 1.5% year over year, contributing to the company’s bottom line in the to-be-reported quarter.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Air Transport Services Group this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Air Transport Services Group has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell) at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of Q1
Quarterly earnings (excluding 3 cents from non-recurring items) of 16 cents per share surpassed the Zacks Consensus Estimate of 13 cents but plunged 55.6% year over year. Customer revenues (derived after eliminating internal revenues from total revenues) of $485.5 million edged past the Zacks Consensus Estimate of $484.2 million but fell 3.1% year over year.
Revenues from ACMI Services decreased 3.1% year over year to $323.8 million. Revenues from CAM and other operations declined 5.8% and 1.9% to $105.5 million and $109 million, respectively.
Stocks to Consider
Here are a few stocks from the broader Zacks Transportation sector that investors might want to consider, as our model shows that these have the right combination of elements to beat second-quarter 2024 earnings.
ZIM Integrated Shipping Services (ZIM - Free Report) has an Earnings ESP of +73.05% and a Zacks Rank #2.The company is scheduled to report second-quarter 2024 earnings on Aug 19.
ZIM has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate only once in the preceding four quarters and missed thrice. The average miss is 26.86%.
Despegar. com (DESP - Free Report) has an Earnings ESP of +88.89% and a Zacks Rank #3.The company is scheduled to report second-quarter 2024 earnings on Aug 15.
DESP has an encouraging earnings surprise, history having surpassed the Zacks Consensus Estimate in the preceding quarter. The average beat is 41.11%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.