Air Transport Services Group's Earnings Beat Last Year's by 16%
Air Transport Services Group (NAS: ATSG) reported earnings on March 5. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Air Transport Services Group missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded.
Margins increased across the board.
Air Transport Services Group logged revenue of $166.5 million. The five analysts polled by S&P Capital IQ expected net sales of $180.8 million on the same basis. GAAP reported sales were 6.8% lower than the prior-year quarter's $178.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.22. The four earnings estimates compiled by S&P Capital IQ predicted $0.22 per share on the same basis. GAAP EPS of $0.20 for Q4 were 11% higher than the prior-year quarter's $0.18 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 67.6%, 3,120 basis points better than the prior-year quarter. Operating margin was 15.6%, 210 basis points better than the prior-year quarter. Net margin was 7.8%, 120 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $170.2 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $723.9 million. The average EPS estimate is $0.86.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 278 members out of 333 rating the stock outperform, and 55 members rating it underperform. Among 86 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Air Transport Services Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Air Transport Services Group is buy, with an average price target of $8.40.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.