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Atlas Air Worldwide (AAWW) closed the most recent trading day at $68.45, moving +0.19% from the previous trading session. This change outpaced the S&P 500's 1.21% loss on the day. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 0.49%.
Heading into today, shares of the airplane leasing company and service provider had lost 18.65% over the past month, lagging the Transportation sector's loss of 1.94% and the S&P 500's gain of 5.85% 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 $2.46 per share, which would represent year-over-year growth of 0.41%. Meanwhile, our latest consensus estimate is calling for revenue of $1 billion, up 16.41% from the prior-year quarter.
AAWW's full-year Zacks Consensus Estimates are calling for earnings of $14.06 per share and revenue of $4.01 billion. These results would represent year-over-year changes of -24.04% and -0.63%, respectively.
Investors might also notice 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. 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 4.86. For comparison, its industry has an average Forward P/E of 14.77, 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 75, putting it in the top 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Atlas Air Worldwide Holdings (AAWW) : Free Stock Analysis Report
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