ATSG Earnings Prediction
The chart below shows how ATSG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ATSG sees a +2.74% change in stock price 10 days leading up to the earnings, and a -2.54% change 10 days following the report. On the earnings day itself, the stock moves by -0.93%. This data can give you a slight idea of what to expect for the next quarter's release.
ATSG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
488.41M
-7.73%
0.60%
Gross Margin
33.24%
-13.82%
3.39%
Operating Margin
6.41%
-51.37%
-5.74%
Net Margin
1.52%
-78.83%
-14.61%
EPS
0.11
-77.55%
-15.38%
No Data Available
ATSG Earnings Analysis
Air Transport Services Group, Inc. Corporation (ATSG.O) Earnings Conference Call
Positive
ATSG has an unparalleled fleet of midsized freighters, totaling 51 767 aircraft, with 30 leased to Amazon, showcasing the company's strong position in the market and differentiation from competitors.
The company's financial results for the second quarter exceeded internal expectations despite facing challenges such as fewer leased 767-200 freighters, demonstrating resilience and adaptability in managing operations effectively.
ATSG's progress in leasing available freighters is evident with the recent leasing of 4 additional 767 freighters to external customers since the end of June, showcasing the company's ability to expand its customer base and generate revenue.
The company raised its adjusted EBITDA outlook for 2024, showing confidence in its financial performance, and lowered its capital expenditure outlook for the year, indicating efficient cost management and improved profitability.
ATSG remains focused on executing its plans for the year, emphasizing safety, customer satisfaction, and cost control, with a strong emphasis on realizing the benefits of its business model and having the right team, assets, and strategy in place for success.
Negative
- Revenues were down $41 million or 8% versus a year ago to $488 million in the second quarter, driven by reductions in both CAM and ACMI Services segments.
- GAAP pretax earnings decreased from $49.7 million to $10.7 million in the second quarter, resulting in diluted earnings per share of $0.11 compared to $0.49 in the prior year period.
- ACMI Services segment reported a pretax loss of $7 million compared to a gain of $24 million in the second quarter of last year.
- Total block hours flown by the three airlines were down 10% from the prior year quarter, with cargo airlines flying 11% fewer hours across customers' delivery networks.
- Adjusted EBITDA was $130 million, down $27 million from the prior year period, with declines in both CAM and ACMI Services segments.
