Air Transport Services (US:ATSG) ZACKSยท2024-08-09 00:30Core Insights - Air Transport Services (ATSG) reported a revenue of $488.41 million for the quarter ended June 2024, reflecting a year-over-year decline of 7.7% and an EPS of $0.19 compared to $0.57 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $512.33 million by 4.67%, while the EPS exceeded the consensus estimate of $0.16 by 18.75% [1] Revenue Breakdown - ACMI Services revenue was $338.18 million, below the estimated $353.71 million, marking a 7.7% decline year-over-year [3] - Other Activities revenue totaled $97.64 million, compared to the estimated $109.30 million, representing an 11.9% decrease year-over-year [4] - Internal revenues were reported at -$51.88 million, better than the average estimate of -$60.74 million, with a year-over-year change of -12.1% [5] - CAM revenue reached $104.47 million, falling short of the estimated $110.05 million, indicating a 6.2% decline year-over-year [6] - CAM Lease incentive amortization was reported at -$3.10 million, worse than the average estimate of -$2.86 million, reflecting a 20.7% year-over-year change [7] - CAM Aircraft leasing and related revenues were $107.57 million, below the estimated $115.17 million, showing a 6.7% decline year-over-year [8] Pre-Tax Earnings - Pre-tax earnings for CAM were $15.25 million, exceeding the average estimate of $14.63 million [9] - Pre-tax earnings for ACMI Services were -$7.08 million, significantly worse than the average estimate of $2.58 million [10] - Pre-tax earnings for Other Activities were $2.97 million, outperforming the estimated -$0.97 million [11] Stock Performance - Shares of Air Transport Services have returned -6.8% over the past month, compared to a -6.5% change in the Zacks S&P 500 composite [11] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [11]