Atlas Air Worldwide Holdings
The 10-second takeaway
For the quarter ended March 31 (Q1), Atlas Air Worldwide Holdings missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share contracted significantly. GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins grew, net margins grew.
Atlas Air Worldwide Holdings logged revenue of $377.3 million. The seven analysts polled by S&P Capital IQ anticipated revenue of $391.2 million on the same basis. GAAP reported sales were 5.0% higher than the prior-year quarter's $359.3 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 $0.22. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. Non-GAAP EPS of $0.22 for Q1 were 57% lower than the prior-year quarter's $0.51 per share. GAAP EPS of $0.76 for Q1 were 58% higher than the prior-year quarter's $0.48 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 21.8%, 60 basis points worse than the prior-year quarter. Operating margin was 6.0%, 30 basis points better than the prior-year quarter. Net margin was 5.3%, 170 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $428.7 million. On the bottom line, the average EPS estimate is $1.00.
Next year's average estimate for revenue is $1.79 billion. The average EPS estimate is $4.80.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 94 members out of 109 rating the stock outperform, and 15 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 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 $57.14.
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