Highly rated airline services near buy zone ahead of upcoming earnings report
Air transport services (ATSG) is forming a base offering a buy point of 34.64 with its next quarterly report due on August 4th. The base is a first step of consolidation.
Understand that buying a stock just before earnings can be risky, as you usually don’t have enough time to establish an earnings cushion before the latest quarterly numbers are released. Be sure to follow the correct buying and selling rules to minimize your exposure.
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Turning to fundamentals, air travel services have shown increasing EPS growth in each of the last four reports. Revenue growth also increased over the same period.
Consensus analyst estimates call for earnings growth of 42% for the quarter and 28% for the full year.
The company has a composite rating of 96 and ranks first among its peers in the Transportation-Air Cargo industry group. Atlas Air around the world (AAWW) and fedex (FDX) are also among the highest rated stocks in the group.
Note: Earnings reporting dates are subject to change. Check the company’s website for any updates.
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