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Atlas Air Worldwide (AAWW) Gains But Lags Market: What You Should Know

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Atlas Air Worldwide (AAWW) closed the most recent trading day at $63.40, moving +1.2% from the previous trading session. This change lagged the S&P 500's 2.45% gain on the day. Meanwhile, the Dow gained 2.15%, and the Nasdaq, a tech-heavy index, added 0.4%.

Heading into today, shares of the airplane leasing company and service provider had lost 6.44% over the past month, lagging the Transportation sector's loss of 4.82% and the S&P 500's loss of 5.71% in that time.

Wall Street will be looking for positivity from Atlas Air Worldwide as it approaches its next earnings report date. 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%. Our most recent consensus estimate is calling for quarterly revenue of $1.11 billion, up 12.05% from the year-ago period.

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.

Any recent changes to analyst estimates for Atlas Air Worldwide should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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.

Investors should also note Atlas Air Worldwide's current valuation metrics, including its Forward P/E ratio of 3.85. For comparison, its industry has an average Forward P/E of 13.34, which means Atlas Air Worldwide is trading at a discount to the group.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 76, putting it in the top 31% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.


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