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Atlas Air Worldwide (AAWW) closed the most recent trading day at $63.97, moving +0.74% from the previous trading session. The stock lagged the S&P 500's daily gain of 3.06%. At the same time, the Dow added 2.68%, and the tech-heavy Nasdaq lost 0.04%.
Prior to today's trading, shares of the airplane leasing company and service provider had lost 7.3% over the past month. This has lagged the Transportation sector's loss of 5.05% and the S&P 500's loss of 4.31% in that time.
Investors will be hoping for strength from Atlas Air Worldwide as it approaches its next earnings release. On that day, Atlas Air Worldwide is projected to report earnings of $3.30 per share, which would represent a year-over-year decline of 19.51%. Meanwhile, our latest consensus estimate is calling for revenue of $1.11 billion, up 12.05% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $16.27 per share and revenue of $4.59 billion, which would represent changes of -12.1% and +13.97%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Atlas Air Worldwide. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Atlas Air Worldwide is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Atlas Air Worldwide is currently trading at a Forward P/E ratio of 3.9. This valuation marks a discount compared to its industry's average Forward P/E of 13.93.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AAWW in the coming trading sessions, be sure to utilize Zacks.com.