Avianca Holdings S.A. (AVH - Free Report) closed at $3.15 in the latest trading session, marking a +1.13% move from the prior day. This change outpaced the S&P 500's 0.58% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 1.04%.
Prior to today's trading, shares of the company had lost 24.15% over the past month. This has lagged the Transportation sector's loss of 1.82% and the S&P 500's loss of 0.88% in that time.
Investors will be hoping for strength from AVH as it approaches its next earnings release. The company is expected to report EPS of $0.09, down 59.09% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.28 billion, up 9.44% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.87 per share and revenue of $5.04 billion, which would represent changes of -4.4% and +3.02%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AVH. Recent revisions tend to reflect the latest 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 remained stagnant. AVH currently has a Zacks Rank of #3 (Hold).
In terms of valuation, AVH is currently trading at a Forward P/E ratio of 3.57. For comparison, its industry has an average Forward P/E of 12.48, which means AVH 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 106, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.