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.
Southwest Airlines Company (LUV - Free Report) reported fourth-quarter 2017 earnings per share (excluding $2.41 from non-recurring items) of 77 cents, beating the Zacks Consensus Estimate of 76 cents. Earnings increased 4.1% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Southwest Airlines depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 10.6% over the last 30 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 2.5%.
Revenues Higher Than Expected
Southwest Airlines recorded revenues of $5,274 million, which surpassed the Zacks Consensus Estimate of $5,242.1 million. Also, it compared favorably with the year-ago number of $5,076 million.
Key Stats to Note: The airline witnessed a 0.5% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the first quarter of 2018, the carrier expects revenue per available seat mile (RASM) to rise between 1% and 2%. First-quarter unit costs, excluding fuel and oil expense, profit-sharing expense, and special items is estimated to increase in the band of 0.5-1.5%. While economic fuel costs for the first quarter is predicted to be in the range of $2.10-$2.15 per gallon.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in early trading at the time of writing.
Check back later for our full write up on this Southwest Airlines earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Southwest Airlines (LUV) Beats on Q4 Earnings
Southwest Airlines Company (LUV - Free Report) reported fourth-quarter 2017 earnings per share (excluding $2.41 from non-recurring items) of 77 cents, beating the Zacks Consensus Estimate of 76 cents. Earnings increased 4.1% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for Southwest Airlines depicted a gloomy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 10.6% over the last 30 days.
However, the company has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 2.5%.
Revenues Higher Than Expected
Southwest Airlines recorded revenues of $5,274 million, which surpassed the Zacks Consensus Estimate of $5,242.1 million. Also, it compared favorably with the year-ago number of $5,076 million.
Southwest Airlines Company Price and EPS Surprise
Southwest Airlines Company Price and EPS Surprise | Southwest Airlines Company Quote
Key Stats to Note: The airline witnessed a 0.5% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the first quarter of 2018, the carrier expects revenue per available seat mile (RASM) to rise between 1% and 2%. First-quarter unit costs, excluding fuel and oil expense, profit-sharing expense, and special items is estimated to increase in the band of 0.5-1.5%. While economic fuel costs for the first quarter is predicted to be in the range of $2.10-$2.15 per gallon.
Zacks Rank: Currently, Southwest Airlines has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Stock Price: The earnings and revenues beat pleased the investors. Consequently shares of the company were up in early trading at the time of writing.
Check back later for our full write up on this Southwest Airlines earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>