Seeking Clues to Air Transport Services (ATSG) Q3 Earnings? A Peek Into Wall Street Projections for Key Metrics

Core Viewpoint - The upcoming earnings report for Air Transport Services (ATSG) is anticipated to show a significant decline in quarterly earnings and revenues compared to the previous year [1] Financial Performance - Quarterly earnings are expected to be $0.19 per share, reflecting a 40.6% decrease year over year [1] - Analysts forecast revenues of $507.86 million, indicating a 2.9% decline from the same quarter last year [1] Analyst Revisions - The consensus EPS estimate has been revised 0.8% higher in the last 30 days, indicating a collective reevaluation by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong link between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts predict 'Revenues- ACMI Services' to be $360.13 million, down 1.4% year over year [5] - 'Revenues- Other Activities' are expected to reach $102.44 million, reflecting a 9.2% decrease from the previous year [5] - 'Revenues- CAM' is projected at $108.50 million, indicating a 1.1% decline from the year-ago quarter [5] Pre-Tax Earnings and Expenses - 'Pre-Tax Earnings- CAM' is estimated at $16.23 million, down from $23.31 million in the same quarter last year [6] - 'Pre-Tax Earnings- ACMI Services' is projected to be -$2.92 million, compared to $12.41 million a year ago [7] - Analysts forecast 'Fuel Expenses' to be $69.00 million, down from $79.02 million in the previous year [7] Stock Performance - Over the past month, ATSG shares have increased by 47.6%, significantly outperforming the Zacks S&P 500 composite, which rose by 3.2% [7] - ATSG currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near future [7]