Reported Late Monday, Air Transport Services Gr Q4 Adj. EPS $0.18 Misses $0.28 Estimate, Sales $517.04M Miss $523.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Air Transport Services Group (ATSG) reported Q4 adjusted EPS of $0.18, missing the $0.28 estimate, and sales of $517.04M, missing the $523.06M estimate. This represents a 66.04% decrease in earnings and a 3.00% decrease in sales from the same period last year.
February 27, 2024 | 6:57 am
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Air Transport Services Group (ATSG) reported a significant miss in Q4 earnings and sales, with a notable year-over-year decrease in both metrics.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with the substantial year-over-year decrease in these metrics, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100