Atlas Air Worldwide (AAWW) Q4 Report Evidence Stock is Ready to Outperform - Anlayst

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Yesterday Atlas Air Worldwide Holdings (NASDAQ: AAWW) reported Q4 EPS of $1.83, $0.09 better than the analyst estimate of $1.74. Revenue for the quarter came in at $452.7 million versus the consensus estimate of $430.45 million.

Commenting on the results, analyst John R. Mims of FBR Capital said, "This solid result was underpinned by a healthy December airfreight market as well as the deployment of new 747-8 freighters, both of which contributed to higher yields."

Mims added that Atlas Air's management finally set the proper tone with regard to the company's outlook which sets the stage for more sustainable outperformance.

FBR Capital has an Outperform rating on Atlas Air Worldwide with a price target of $60.00

For an analyst ratings summary and ratings history on Atlas Air Worldwide (NASDAQ: AAWW) click here. For more ratings news on Atlas Air Worldwide click here.

Shares of Atlas Air Worldwide closed at $46.62 yesterday, with a 52 week range of $39.30-$57.00.

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