Air Transport Services Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Air Transport Services Group missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly. GAAP earnings per share grew significantly.
Margins expanded across the board.
Air Transport Services Group booked revenue of $143.3 million. The four analysts polled by S&P Capital IQ looked for revenue of $149.0 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.13. The four earnings estimates compiled by S&P Capital IQ forecast $0.12 per share. GAAP EPS of $0.13 for Q1 were 30% higher than the prior-year quarter's $0.10 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 41.5%, 600 basis points better than the prior-year quarter. Operating margin was 11.5%, 200 basis points better than the prior-year quarter. Net margin was 5.9%, 150 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $152.3 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $620.4 million. The average EPS estimate is $0.68.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 270 members out of 313 rating the stock outperform, and 43 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Air Transport Services Group a green thumbs-up, and seven 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 $7.00.
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