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.
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