Atlas Air Worldwide Holdings
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Atlas Air Worldwide Holdings beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased significantly.
Margins grew across the board.
Atlas Air Worldwide Holdings reported revenue of $452.8 million. The seven analysts polled by S&P Capital IQ hoped for sales of $441.5 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $388.2 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 $1.83. The nine earnings estimates compiled by S&P Capital IQ predicted $1.74 per share. GAAP EPS of $1.97 for Q4 were 55% higher than the prior-year quarter's $1.27 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 32.0%, 260 basis points better than the prior-year quarter. Operating margin was 19.3%, 410 basis points better than the prior-year quarter. Net margin was 11.6%, 300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $358.5 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $1.76 billion. The average EPS estimate is $4.94.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 90 members out of 104 rating the stock outperform, and 14 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Atlas Air Worldwide Holdings a green thumbs-up, and two 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 $58.00.
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