For the quarter ended December 2023, Air Transport Services (ATSG - Free Report) reported revenue of $517.04 million, down 3% over the same period last year. EPS came in at $0.18, compared to $0.53 in the year-ago quarter.
The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $521.04 million. With the consensus EPS estimate being $0.29, the EPS surprise was -37.93%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $334.20 million versus the four-analyst average estimate of $355.89 million. The reported number represents a year-over-year change of -9.5%.
- Revenues- Other Activities: $112.29 million versus $115.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.7% change.
- Revenues- CAM: $127.89 million versus the four-analyst average estimate of $107.73 million. The reported number represents a year-over-year change of +17.8%.
- Revenues- Eliminate internal revenues: -$57.34 million compared to the -$59.62 million average estimate based on three analysts. The reported number represents a change of +1.6% year over year.
- Revenues- CAM- Lease incentive amortization: -$3.10 million versus the two-analyst average estimate of -$4.18 million. The reported number represents a year-over-year change of -38.4%.
- Revenues- CAM- Aircraft leasing and related revenues: $130.99 million compared to the $112.73 million average estimate based on two analysts. The reported number represents a change of +15.3% year over year.
- Pre-Tax Earnings- CAM: $20.89 million compared to the $24.50 million average estimate based on three analysts.
- Pre-Tax Earnings- Other Activities: -$2.55 million versus the three-analyst average estimate of -$2.21 million.
- Pre-Tax Earnings- ACMI Services: -$2.05 million versus the three-analyst average estimate of $9.48 million.
View all Key Company Metrics for Air Transport Services here>>>Shares of Air Transport Services have returned -15.8% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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For the quarter ended December 2023, Air Transport Services (ATSG - Free Report) reported revenue of $517.04 million, down 3% over the same period last year. EPS came in at $0.18, compared to $0.53 in the year-ago quarter.
The reported revenue represents a surprise of -0.77% over the Zacks Consensus Estimate of $521.04 million. With the consensus EPS estimate being $0.29, the EPS surprise was -37.93%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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: $334.20 million versus the four-analyst average estimate of $355.89 million. The reported number represents a year-over-year change of -9.5%.
- Revenues- Other Activities: $112.29 million versus $115.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.7% change.
- Revenues- CAM: $127.89 million versus the four-analyst average estimate of $107.73 million. The reported number represents a year-over-year change of +17.8%.
- Revenues- Eliminate internal revenues: -$57.34 million compared to the -$59.62 million average estimate based on three analysts. The reported number represents a change of +1.6% year over year.
- Revenues- CAM- Lease incentive amortization: -$3.10 million versus the two-analyst average estimate of -$4.18 million. The reported number represents a year-over-year change of -38.4%.
- Revenues- CAM- Aircraft leasing and related revenues: $130.99 million compared to the $112.73 million average estimate based on two analysts. The reported number represents a change of +15.3% year over year.
- Pre-Tax Earnings- CAM: $20.89 million compared to the $24.50 million average estimate based on three analysts.
- Pre-Tax Earnings- Other Activities: -$2.55 million versus the three-analyst average estimate of -$2.21 million.
- Pre-Tax Earnings- ACMI Services: -$2.05 million versus the three-analyst average estimate of $9.48 million.
View all Key Company Metrics for Air Transport Services here>>>Shares of Air Transport Services have returned -15.8% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on ATSG - FREE