Air Transport Services Group Inc (NASDAQ: ATSG) has reported earnings for its first fiscal quarter (ending March 31) of $0.13 versus $0.28 for the same period a year ago — a decline of -54%. This result fell short of the consensus estimate of $0.16 by $-0.03. For the latest four quarters through March 31, E.P.S. were $0.69 versus $2.27 for the same period a year ago — a decline of -70%.
Recent Price Action
On 5/6/24, Air Transport Services Group Inc (NASDAQ: ATSG) stock increased 1.3%, closing at $13.25. Moreover, this advance was accompanied by above average trading volume at 129% of normal. The stock has risen 2.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ATSG is expected to be Value Creation neutral.
Air Transport Services Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Air Transport Services Group has a good Appreciation Score of 84 but a very low Power Rating of 3, producing the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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