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Atlas Air Worldwide (AAWW) Gains As Market Dips: What You Should Know

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Atlas Air Worldwide (AAWW) closed the most recent trading day at $61.67, moving +1.23% from the previous trading session. This change outpaced the S&P 500's 0.08% loss on the day. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.03%.

Prior to today's trading, shares of the airplane leasing company and service provider had lost 9.73% over the past month. This has lagged the Transportation sector's loss of 8.64% and the S&P 500's loss of 6.03% in that time.

Wall Street will be looking for positivity from Atlas Air Worldwide as it approaches its next earnings report date. In that report, analysts expect Atlas Air Worldwide to post earnings of $3.30 per share. This would mark 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.

AAWW's full-year Zacks Consensus Estimates are calling for earnings of $16.27 per share and revenue of $4.59 billion. These results would represent year-over-year changes of -12.1% and +13.97%, respectively.

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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Atlas Air Worldwide is currently sporting a Zacks Rank of #3 (Hold).

Investors should also note Atlas Air Worldwide's current valuation metrics, including its Forward P/E ratio of 3.75. This represents a discount compared to its industry's average Forward P/E of 13.73.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% 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.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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