Air Transport Services Group Third Quarter 2022 Results: EPS Exceeds Expectations

Air Transport Services Group (NASDAQ:ATSG) Third Quarter 2022 Results

Main financial results

  • Revenue: $516.9 million (up 11% compared to Q3 2021).
  • Net income: USD 50.2m (down 20% compared to Q3 2021).
  • Profit margin: 9.7% (compared to 13% in the 3rd quarter of 2021). The lower margin was driven by higher expenses.
  • EPS: 0.68 USD (compared to 0.85 USD in the 3rd quarter of 2021).
NasdaqGS: ATSG Earnings and Revenue Growth November 5, 2022

All figures shown in the table above are for the 12 month period (TTM)

EPS Airline Services Group Exceeds Expectations

Revenue is in line with analysts’ estimates. Earnings per share (EPS) beat analysts’ estimates by 1.4%.

Looking ahead, revenue is expected to grow by an average of 5.5% per year over the next 3 years, compared to a growth forecast of 2.1% for the logistics sector in the United States.

Performance of the The American logistics industry.

Shares of the company are down 1.2% from a week ago.

Risk analysis

Before concluding, we discovered 1 warning sign for Air Transport Services Group of which you should be aware.

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