Atlas Air Worldwide (AAWW - Free Report) closed at $54.34 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500's 0.76% loss on the day. Meanwhile, the Dow lost 0.82%, and the Nasdaq, a tech-heavy index, lost 0.9%.
Heading into today, shares of the airplane leasing company and service provider had gained 1.9% over the past month, outpacing the Transportation sector's loss of 0.39% and the S&P 500's loss of 1.41% in that time.
AAWW will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2019. In that report, analysts expect AAWW to post earnings of $2.88 per share. This would mark year-over-year growth of 18.52%. Meanwhile, our latest consensus estimate is calling for revenue of $758.84 million, up 20.84% from the prior-year quarter.
AAWW's full-year Zacks Consensus Estimates are calling for earnings of $7.01 per share and revenue of $2.68 billion. These results would represent year-over-year changes of +42.19% and +24.35%, respectively.
Any recent changes to analyst estimates for AAWW should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 2.07% higher. AAWW currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AAWW has a Forward P/E ratio of 7.82 right now. This represents a discount compared to its industry's average Forward P/E of 14.73.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.