Atlas (ATCO) closed at $13.45 last trading session, marking a +0.98% move from the previous day. The stock topped the S&P 500’s 1.21% daily loss. Meanwhile, the Dow lost 0.33% and the Nasdaq, a technology-heavy index, lost 0.49%.
Prior to today’s session, shares of the shipping company had lost 12.43% over the past month. This was lower than the financials sector’s 3% gain and the S&P 500’s 5.85% gain during this period.
Wall Street will be looking for positivity from Atlas as its next earnings release date approaches. On that day, Atlas is expected to report earnings of $0.40 per share, which would represent 29.03% year-over-year growth. Meanwhile, our latest consensus estimate calls for revenue of $416.17 million, up 11.69% from the prior year quarter.
For the full year, our Zacks consensus estimates call for earnings of $1.70 per share and revenue of $1.73 billion, which would represent changes of +1.19% and +4, 79%, respectively, compared to the previous year.
Investors might also notice recent changes in analyst estimates for Atlas. These revisions help show the ever-changing nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Our research shows that these estimate changes are directly correlated to short-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.
The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success, with No. 1 stocks offering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has fallen 6.08% over the past month. Atlas currently has a Zacks rank of #3 (Hold).
Regarding its valuation, Atlas holds a Forward P/E ratio of 7.84. Its industry sports an average Forward P/E of 10.79, so we can conclude that Atlas is trading at a comparative discount.
Additionally, it is worth mentioning that ATCO has a PEG ratio of 1.58. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. The Financial – Investment Management held an average PEG ratio of 1.03 at yesterday’s closing price.
The Financial – Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 202, which places it in the bottom 21% of all 250+ industries.
The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and more, at Zacks.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.