Atlas Air Worldwide (AAWW) Gains But Lags Market: What You Should Know
Atlas Air Worldwide (AAWW) closed the most recent trading day at $91.95, moving +0.58% from the previous trading session.
In the latest trading session, Atlas Air Worldwide (AAWW) closed at $91.95, marking a +0.58% move from the previous day. This change lagged the S&P 500's 0.62% gain on the day. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the airplane leasing company and service provider had lost 2.37% in the past month. In that same time, the Transportation sector lost 1.26%, while the S&P 500 gained 0.87%.
Investors will be hoping for strength from Atlas Air Worldwide as it approaches its next earnings release. In that report, analysts expect Atlas Air Worldwide to post earnings of $5.99 per share. This would mark year-over-year growth of 24.02%. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 16.65% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $17.39 per share and revenue of $3.96 billion. These totals would mark changes of +27.21% and +23.18%, 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Atlas Air Worldwide is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Atlas Air Worldwide currently has a Forward P/E ratio of 5.29. Its industry sports an average Forward P/E of 17.42, so we one might conclude that Atlas Air Worldwide is trading at a discount comparatively.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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