Atlas Air Worldwide Holdings
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Atlas Air Worldwide Holdings missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins increased across the board.
Atlas Air Worldwide Holdings booked revenue of $409.3 million. The nine analysts polled by S&P Capital IQ expected a top line of $416.3 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $362.9 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 $1.26. The 10 earnings estimates compiled by S&P Capital IQ anticipated $1.35 per share. GAAP EPS of $1.27 for Q3 were 19% higher than the prior-year quarter's $1.07 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.4%, 470 basis points better than the prior-year quarter. Operating margin was 15.0%, 310 basis points better than the prior-year quarter. Net margin was 8.3%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $427.9 million. On the bottom line, the average EPS estimate is $1.70.
Next year's average estimate for revenue is $1.62 billion. The average EPS estimate is $4.66.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 96 members out of 112 rating the stock outperform, and 16 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Atlas Air Worldwide Holdings a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Atlas Air Worldwide Holdings is outperform, with an average price target of $65.88.
- Add Atlas Air Worldwide Holdings to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.