Atlas Air Worldwide Holdings Earnings: Here’s Why Investors Like These Results

Atlas Air Worldwide Holdings Inc. (NASDAQ:AAWW) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 6.67%.

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Atlas Air Worldwide Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 56.86% to $0.22 in the quarter versus EPS of $0.51 in the year-earlier quarter.

Revenue: Rose 5.01% to $377.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Atlas Air Worldwide Holdings Inc. reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.16. It missed the average revenue estimate of $389.37 million.

Quoting Management: “Our first-quarter results and initiatives demonstrate the benefits of a modern, efficient fleet, diversified business mix and solid balance sheet in a challenging business environment,” said William J. Flynn, President and Chief Executive Officer.

Key Stats (on next page)…

Revenue decreased 16.67% from $452.77 million in the previous quarter. EPS decreased 87.98% from $1.83 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.09 to a profit $0.9. For the current year, the average estimate has moved down from a profit of $5.07 to a profit of $4.83 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)