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Air Transport Services (ATSG) is a Top-Ranked Growth Stock: Should You Buy?

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why This 1 Growth Stock Should Be On Your Watchlist

Different than value or momentum investors, growth-oriented investors are concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, they'll want to focus on the Growth Style Score, which analyzes characteristics like projected and historical earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

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Air Transport Services (ATSG)

Air Transport Services Group is a leading provider of aircraft leasing, and air cargo transportation and related services,globally. Moreover, this Wilmington, OH-based company is the largest lessor of freighter aircraft across the globe and operates through many subsidiaries.

ATSG is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of A and VGM Score of A. Earnings are expected to grow 19.3% year-over-year for the current fiscal year, with sales growth of 13.4%.

Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.01 to $1.98 per share. ATSG also boasts an average earnings surprise of 29.8%.

Looking at cash flow, Air Transport Services is expected to report cash flow growth of 9% this year; ATSG has generated cash flow growth of 21.6% over the past three to five years.

With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, ATSG should be on investors' short lists.


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