Subscribe to Entrepreneur for $5
Subscribe

Atlas Air Worldwide (AAWW) Dips More Than Broader Markets: What You Should Know

Atlas Air Worldwide (AAWW) closed the most recent trading day at $93.25, moving -0.54% from the previous trading session.

By
This story originally appeared on Zacks

Atlas Air Worldwide (AAWW) closed at $93.25 in the latest trading session, marking a -0.54% move from the prior day. This change lagged the S&P 500's 0.3% loss on the day. At the same time, the Dow lost 0.25%, and the tech-heavy Nasdaq gained 0.33%.

- Zacks

Coming into today, shares of the airplane leasing company and service provider had gained 9.66% in the past month. In that same time, the Transportation sector gained 3.28%, while the S&P 500 gained 3.11%.

Wall Street will be looking for positivity from Atlas Air Worldwide as it approaches its next earnings report date. The company is expected to report EPS of $5.99, up 24.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.09 billion, up 16.65% from the year-ago period.

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.

Investors should also note any recent changes to analyst estimates for Atlas Air Worldwide. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Atlas Air Worldwide currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that Atlas Air Worldwide has a Forward P/E ratio of 5.39 right now. This valuation marks a discount compared to its industry's average Forward P/E of 17.58.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow AAWW in the coming trading sessions, be sure to utilize Zacks.com.



Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report

 

To read this article on Zacks.com click here.