The company expects earnings to decline in 2014 due to scaled down U.S. military activity overseas. With the exception of the decline, Atlas Air expects 2014 results to approximate 2013 results.
For the fourth quarter Atlas Air posted earnings of $1.66 a share, 22 cents better than Capital IQ Consensus Estimate of $1.44 a share. Revenue rose 3.9% to $470.6 million in the quarter, compared to analyst estimates of $434.9 million.
TheStreet Ratings team rates ATLAS AIR WORLDWIDE HLDG INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate ATLAS AIR WORLDWIDE HLDG INC (AAWW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: