Air Transport Services Group (Nasdaq: ATSG ) reported earnings on Feb. 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Air Transport Services Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped. GAAP earnings per share shrank.
Gross margins shrank, operating margins dropped, net margins were steady.
Air Transport Services Group chalked up revenue of $154.6 million. The four analysts polled by S&P Capital IQ predicted a top line of $159.0 million on the same basis. GAAP reported sales were 7.2% lower than the prior-year quarter's $166.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.18. The four earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. Non-GAAP EPS of $0.18 for Q4 were 14% lower than the prior-year quarter's $0.21 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.) GAAP EPS of $0.19 for Q4 were 5.0% lower than the prior-year quarter's $0.20 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 36.3%, 340 basis points worse than the prior-year quarter. Operating margin was 13.6%, 200 basis points worse than the prior-year quarter. Net margin was 7.8%, much about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $152.5 million. On the bottom line, the average EPS estimate is $0.14.
Next year's average estimate for revenue is $635.9 million. The average EPS estimate is $0.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 271 members out of 314 rating the stock outperform, and 43 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 83 give Air Transport Services Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Air Transport Services Group is outperform, with an average price target of $6.33.
Looking for alternatives to Air Transport Services Group? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Air Transport Services Group to My Watchlist.