Atlas Air Worldwide (AAWW - Free Report) closed at $50.35 in the latest trading session, marking a -0.16% move from the prior day. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow 0%, while the tech-heavy Nasdaq added 0.92%.
Prior to today's trading, shares of the airplane leasing company and service provider had lost 1.73% over the past month. This has was narrower than the Transportation sector's loss of 2.53% and the S&P 500's loss of 4.37% 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. The company is expected to report EPS of $2.89, up 18.93% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $756.57 million, up 20.48% from the year-ago period.
AAWW's full-year Zacks Consensus Estimates are calling for earnings of $7.05 per share and revenue of $2.67 billion. These results would represent year-over-year changes of +43% and +23.78%, respectively.
It is also important to note the recent changes to analyst estimates for AAWW. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.62% higher. AAWW is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AAWW has a Forward P/E ratio of 7.15 right now. For comparison, its industry has an average Forward P/E of 14.52, which means AAWW 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 228, putting it in the bottom 11% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.