|Bid||71.49 x 900|
|Ask||71.50 x 1100|
|Day's Range||67.23 - 71.89|
|52 Week Range||33.22 - 71.89|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||5.29|
|Earnings Date||May 05, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||91.60|
AAWW earnings call for the period ending December 31, 2020.
Atlas Air (AAWW) delivered earnings and revenue surprises of 40.00% and 4.93%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
Shares of Atlas Air Worldwide Holdings rallied 3.1% toward a three-year high in premarket trading Wednesday, after the provider of outsourced aircraft and aviation operating services reported first-quarter profit and revenue that rose above expectations, as strong demand for airfreight helped lift yields above typical seasonal levels. Net income rose to $89.9 million, or $3.05 a share, from $23.4 million, or 90 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share grew to $2.45 from $1.15, beating the FactSet consensus of $1.78. Revenue increased 33.8% to $861.3 million, above the FactSet consensus of $822.7 million, as volumes rose 20.9% to 88,523 block hours. The company expects second-quarter revenue of $950 million, compared with the FactSet consensus of $808 million, flying about 90,000 block hours and adjusted net income increasing by about 30%. The stock, which is on track to open at the highest prices seen during regular-session hours since July 2018, has run up 27.7% year to date through Tuesday, while the S&P 500 has advanced 10.9%.