We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
What's in Store for Hawaiian Airlines' (HA) Q2 Earnings?
Read MoreHide Full Article
Hawaiian Holdings Inc., (HA - Free Report) the parent company of Hawaiian Airlines, is scheduled to report second-quarter 2016 results on Jul 21, after the closing bell.
In the last quarter, the company recorded a positive 6.67% earnings surprise. Let’s see how things are shaping up prior to this announcement.
Factors at Play This Quarter
Hawaiian Airlines has recently posted encouraging June traffic figures raising hopes that the airline’s expansion efforts will boost top-line growth. Focused on growth, the airline announced a new flight between New Kona, Hawaii and Tokyo, Japan to be inaugurated in December.
The company recently issued a revised guidance for the second quarter, per which revenue per available seat mile and cost per seat mile (CASM) are expected to be on the favorable side compared to its previous issued guideline. Operating revenue per ASM is expected to grow by 1% to 2% instead of changing from -1.5% to 1.5%. CASM is expected to grow in the range of 3.5%-4.5% instead of 3.5%-6.5%.
However, the company could face increasing competition from major airlines such as American Airlines Group Inc. (AAL - Free Report) and Delta Air Lines Inc. (DAL - Free Report) . The company could also be impacted by low demand due to travelers getting concerned about terror attacks. It remains to be seen how the company performs amid these issues of uncertain demand and competition.
Our proven model does not conclusively show that Hawaiian Airlines is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: Since the Most Accurate estimate and Zacks Consensus Estimate both stand at $1.14, the ESP is 0.00%.
Zacks Rank: Hawaiian Holdings carries a Zacks Rank #3 (Hold).
Meanwhile, we caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stock to Consider
Here is a stock you may want to consider as our model shows it has the right combination of elements to post an earnings beat this quarter.
Latam Airlines Group S.A. has an Earnings ESP of over 100% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Unique Zacks Analysis of Your Chosen Ticker
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
What's in Store for Hawaiian Airlines' (HA) Q2 Earnings?
Hawaiian Holdings Inc., (HA - Free Report) the parent company of Hawaiian Airlines, is scheduled to report second-quarter 2016 results on Jul 21, after the closing bell.
In the last quarter, the company recorded a positive 6.67% earnings surprise. Let’s see how things are shaping up prior to this announcement.
Factors at Play This Quarter
Hawaiian Airlines has recently posted encouraging June traffic figures raising hopes that the airline’s expansion efforts will boost top-line growth. Focused on growth, the airline announced a new flight between New Kona, Hawaii and Tokyo, Japan to be inaugurated in December.
The company recently issued a revised guidance for the second quarter, per which revenue per available seat mile and cost per seat mile (CASM) are expected to be on the favorable side compared to its previous issued guideline. Operating revenue per ASM is expected to grow by 1% to 2% instead of changing from -1.5% to 1.5%. CASM is expected to grow in the range of 3.5%-4.5% instead of 3.5%-6.5%.
However, the company could face increasing competition from major airlines such as American Airlines Group Inc. (AAL - Free Report) and Delta Air Lines Inc. (DAL - Free Report) . The company could also be impacted by low demand due to travelers getting concerned about terror attacks. It remains to be seen how the company performs amid these issues of uncertain demand and competition.
HAWAIIAN HLDGS Price and EPS Surprise
HAWAIIAN HLDGS Price and EPS Surprise | HAWAIIAN HLDGS Quote
Earnings Whispers
Our proven model does not conclusively show that Hawaiian Airlines is likely to beat the Zacks Consensus Estimate this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or at least 3 (Hold) for this to happen. Unfortunately, this is not the case here as elaborated below.
Zacks ESP: Since the Most Accurate estimate and Zacks Consensus Estimate both stand at $1.14, the ESP is 0.00%.
Zacks Rank: Hawaiian Holdings carries a Zacks Rank #3 (Hold).
Meanwhile, we caution against stocks with a Zacks Rank #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stock to Consider
Here is a stock you may want to consider as our model shows it has the right combination of elements to post an earnings beat this quarter.
Latam Airlines Group S.A. has an Earnings ESP of over 100% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>