Air Transport Services Gr Q3 Adj EPS $0.32 Misses $0.49 Estimate, Sales $523.14M Miss $528.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Transport Services Gr (NASDAQ:ATSG) reported Q3 adjusted earnings of $0.32 per share, missing the analyst consensus estimate of $0.49 by 34.69%. This is a 46.67% decrease from the same period last year. The company also reported quarterly sales of $523.14 million, missing the analyst consensus estimate of $528.47 million by 1.01%. This is a 1.20% increase from the same period last year.
November 06, 2023 | 10:52 pm
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NEGATIVE IMPACT
Air Transport Services Gr's Q3 earnings and sales missed estimates, with a significant YoY decrease in earnings per share. This could negatively impact the company's stock price in the short term.
Air Transport Services Gr's Q3 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. The significant YoY decrease in earnings per share further exacerbates this negative outlook. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100