Astronics Historical Income Statement

ATRO
 Stock
  

USD 9.00  0.13  1.42%   

Historical analysis of Astronics income statement accounts such as Cost of Revenue of 441.9 M, Gross Profit of 67.1 M or Interest Expense of 6.7 M can show how well Astronics performed in making a profits. Evaluating Astronics income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Astronics's future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Astronics latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Astronics is a good buy for the upcoming year.
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About Astronics Income Statement Analysis

Astronics Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Astronics shareholders. The income statement also shows Astronics investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Astronics Income Statement Chart

Astronics Income Statement is one of the three primary financial statements used for reporting Astronics's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Astronics revenue and expense. Astronics Income Statement primarily focuses on the company's revenues and expenses during a particular period.
Astronics Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 441.89 Million. Gross Profit is expected to rise to about 67.1 M this year, although the value of Direct Expenses will most likely fall to about 366.4 M.

Consolidated Income

The portion of profit or loss for the period; net of income taxes; which is attributable to the consolidated entity; before the deduction of Net Income Available to Non-controlling Interests.

Earning Before Interest and Taxes EBIT

Earnings Before Interest and Tax is calculated by adding Income Tax Expense and Interest Expense back to Net Income.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Astronics financial statement analysis. It represents the amount of money remaining after all of Astronics operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period; net of income taxes; which is attributable to the parent after the deduction of Net Income Available to Non-controlling Interests from Consolidated Income; and before the deduction of Preferred Dividends.

Revenues

Revenues refers to the total amount of money received by Astronics for goods sold or services provided during a certain time period. It also includes all of Astronics sales as well as any other increase in Astronics equity.Revenues are reported on Astronics income statement and calculated before any expenses are subtracted. The amount of Revenue recognised from goods sold; services rendered; insurance premiums; or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Most accounts from Astronics income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Astronics current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Please continue to Trending Equities.Astronics Cost of Revenue is quite stable at the moment as compared to the past year. The company's current value of Cost of Revenue is estimated at 441.89 Million. Gross Profit is expected to rise to about 67.1 M this year, although the value of Direct Expenses will most likely fall to about 366.4 M.
 2019 2020 2021 2022 (projected)
Interest Expense6.14 M6.74 M6.8 M6.69 M
Gross Profit156.14 M96.84 M65.36 M67.08 M

Astronics income statement Correlations

Astronics Account Relationship Matchups

Astronics income statement Accounts

201720182019202020212022 (projected)
Direct Expenses487.35 M622.56 M616.56 M405.74 M379.55 M366.38 M
Consolidated Income19.68 M46.8 M52.02 M(115.78 M)(25.58 M)(26.25 M)
Cost of Revenue487.35 M622.56 M616.56 M405.74 M379.55 M441.89 M
Earning Before Interest and Taxes EBIT30.36 M61.99 M74.44 M(105.67 M)(20.16 M)(20.69 M)
Earning Before Interest and Taxes USD30.36 M61.99 M74.44 M(105.67 M)(20.16 M)(20.69 M)
Gross Profit137.11 M180.7 M156.14 M96.84 M65.36 M67.08 M
Interest Expense5.37 M9.71 M6.14 M6.74 M6.8 M6.69 M
Net Income19.68 M46.8 M52.02 M(115.78 M)(25.58 M)(26.25 M)
Net Income Common Stock19.68 M46.8 M52.02 M(115.78 M)(25.58 M)(26.25 M)
Net Income Common Stock USD19.68 M46.8 M52.02 M(115.78 M)(25.58 M)(26.25 M)
Operating Expenses106.75 M118.7 M160.5 M202.51 M96.2 M105.99 M
Operating Income30.36 M63.66 M1.7 M(100.7 M)(33.69 M)(34.57 M)
Revenues624.46 M803.26 M772.7 M502.59 M444.91 M450.47 M
Revenues USD624.46 M803.26 M772.7 M502.59 M444.91 M548.31 M
Selling General and Administrative Expense88.78 M117.03 M143.36 M110.53 M99.05 M100.64 M
Weighted Average Shares32.87 M32.35 M32.03 M30.8 M31.06 M29.43 M
Weighted Average Shares Diluted33.72 M33.14 M32.46 M30.8 M31.06 M29.84 M
Income Tax Expense5.31 M5.48 M16.29 M3.37 M(1.38 M)(1.42 M)

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Our tools can tell you how much better you can do entering a position in Astronics without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Astronics

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astronics position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astronics will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Astronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astronics when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astronics - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astronics to buy it.
The correlation of Astronics is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astronics moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astronics can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
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Is Astronics' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astronics. If investors know Astronics will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astronics listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.93) 
Market Capitalization
290.8 M
Quarterly Revenue Growth YOY
0.18
Return On Assets
(0.0441) 
Return On Equity
(0.11) 
The market value of Astronics is measured differently than its book value, which is the value of Astronics that is recorded on the company's balance sheet. Investors also form their own opinion of Astronics' value that differs from its market value or its book value, called intrinsic value, which is Astronics' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astronics' market value can be influenced by many factors that don't directly affect Astronics' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astronics' value and its price as these two are different measures arrived at by different means. Investors typically determine Astronics value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astronics' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.