Atlas Air (AAWW) to Report Q2 Earnings: What's in the Cards?

Atlas Air Worldwide Holdings AAWW is scheduled to report second-quarter 2021 results on Aug 5, before market open.

The company has a stellar surprise record with its earnings having topped the Zacks Consensus Estimate in each of the last four quarters, the average being 59.4%.  

With this, let’s take a look at the factors that might have impacted the company’s June-quarter performance.

Atlas Air Worldwide Holdings Price and EPS Surprise


Atlas Air Worldwide Holdings Price and EPS Surprise

Atlas Air Worldwide Holdings price-eps-surprise | Atlas Air Worldwide Holdings Quote


We expect Atlas Air’s second-quarter performance to have been buoyed by upbeat airfreight demand and higher airfreight volumes.  The company is likely to have benefitted from higher commercial cargo charter yields in the quarter to be reported.

However, the company’s second-quarter numbers are likely to have been impacted by pandemic-related expenses (including pilot premium pay and operational costs). Increase in average fuel price per gallon as oil prices move north is likely to have impacted the bottom line in the to-be-reported quarter.

What Does the Zacks Model Say?

Our proven Zacks model does not predict an earnings beat for Atlas Air this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, this is not the case here as illustrated below. You can see the complete list of today’s Zacks #1 Rank stocks here.

Earnings ESP: Atlas Air has an Earnings ESP of 0.00% as the Most Accurate Estimate of $3.09 is in line with the Zacks Consensus Estimate.You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Atlas Air carries a Zacks Rank #3, currently.

Highlights of Q1 Earnings

In the last reported quarter, the company reported earnings per share of $2.45, surpassing the Zacks Consensus Estimate of $1.75. Revenues increased 33.8% to $861.3 million from the year-ago quarter’s levels. The top line also surpassed the Zacks Consensus Estimate of $821 million.

Stocks to Consider

Investors interested in the broader Transportation sector may consider Eagle Bulk Shipping Inc. EGLE, Genco Shipping & Trading Limited GNK and Mesa Air Group, Inc. MESA, as these stocks possess the right combination of elements to beat on earnings this reporting cycle.

Eagle Bulk Shipping has an Earnings ESP of +5.98% and a Zacks Rank of 3 currently. The company will release second-quarter earnings on Aug 5.

Genco Shipping & Trading has an Earnings ESP of +11.81% and sports a Zacks Rank #1, presently. The company will announce second-quarter results on Aug 4.

Mesa Air Group has an Earnings ESP of +15.56% and is currently Zacks #3 Ranked. The company is set to release third-quarter fiscal 2021 results on Aug 9.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

Click to get this free report

Genco Shipping & Trading Limited (GNK): Free Stock Analysis Report

Atlas Air Worldwide Holdings (AAWW): Free Stock Analysis Report

Eagle Bulk Shipping Inc. (EGLE): Free Stock Analysis Report

Mesa Air Group, Inc. (MESA): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics


Latest Stocks Videos

    Weekly Performance in Stocks in a Volatile Week With Evergrande and Debt Ceiling Talk

    Sanctuary Wealth Chief Investment Officer Jeff Kilburg discusses weekly performance in stocks in what started out to be a volatile week with Evergrande and debt ceiling talk.

    18 hours ago


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More