Air Transport Services (ATSG - Free Report) reported $523.14 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $0.32 for the same period compares to $0.60 a year ago.
The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $522.7 million. With the consensus EPS estimate being $0.49, the EPS surprise was -34.69%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Air Transport Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- ACMI Services: $365.25 million versus the four-analyst average estimate of $355.90 million. The reported number represents a year-over-year change of +2.2%.
- Revenues- Other Activities: $112.84 million versus the four-analyst average estimate of $113.63 million. The reported number represents a year-over-year change of +4.1%.
- Revenues- CAM: $109.73 million versus the four-analyst average estimate of $112.30 million. The reported number represents a year-over-year change of +0.2%.
- Revenues- Eliminate internal revenues: -$64.68 million compared to the -$59.18 million average estimate based on three analysts. The reported number represents a change of +10.8% year over year.
- Revenues- CAM- Lease incentive amortization: -$3.42 million versus -$4.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -32% change.
- Revenues- CAM- Aircraft leasing and related revenues: $113.15 million versus the two-analyst average estimate of $114.68 million. The reported number represents a year-over-year change of -1.2%.
- Pre-Tax Earnings- ACMI Services: $12.41 million versus the three-analyst average estimate of $15.15 million.
- Pre-Tax Earnings- CAM: $23.31 million versus the three-analyst average estimate of $31.30 million.
View all Key Company Metrics for Air Transport Services here>>>Shares of Air Transport Services have returned -3.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Air Transport Services (ATSG - Free Report) reported $523.14 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 1.2%. EPS of $0.32 for the same period compares to $0.60 a year ago.
The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $522.7 million. With the consensus EPS estimate being $0.49, the EPS surprise was -34.69%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Air Transport Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- ACMI Services: $365.25 million versus the four-analyst average estimate of $355.90 million. The reported number represents a year-over-year change of +2.2%.
- Revenues- Other Activities: $112.84 million versus the four-analyst average estimate of $113.63 million. The reported number represents a year-over-year change of +4.1%.
- Revenues- CAM: $109.73 million versus the four-analyst average estimate of $112.30 million. The reported number represents a year-over-year change of +0.2%.
- Revenues- Eliminate internal revenues: -$64.68 million compared to the -$59.18 million average estimate based on three analysts. The reported number represents a change of +10.8% year over year.
- Revenues- CAM- Lease incentive amortization: -$3.42 million versus -$4.38 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -32% change.
- Revenues- CAM- Aircraft leasing and related revenues: $113.15 million versus the two-analyst average estimate of $114.68 million. The reported number represents a year-over-year change of -1.2%.
- Pre-Tax Earnings- ACMI Services: $12.41 million versus the three-analyst average estimate of $15.15 million.
- Pre-Tax Earnings- CAM: $23.31 million versus the three-analyst average estimate of $31.30 million.
View all Key Company Metrics for Air Transport Services here>>>Shares of Air Transport Services have returned -3.7% over the past month versus the Zacks S&P 500 composite's +3.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
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