Air Transport Services Group
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Air Transport Services Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share expanded.
Margins expanded across the board.
Air Transport Services Group tallied revenue of $153.8 million. The five analysts polled by S&P Capital IQ hoped for a top line of $160.0 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $195.5 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 five earnings estimates compiled by S&P Capital IQ anticipated $0.17 per share. GAAP EPS were $0.18 for Q3 against -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 37.9%, 240 basis points better than the prior-year quarter. Operating margin was 14.5%, 140 basis points better than the prior-year quarter. Net margin was 7.4%, 990 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $167.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $626.0 million. The average EPS estimate is $0.65.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 269 members out of 314 rating the stock outperform, and 45 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 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 $7.20.
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