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Hawaiian Holdings (HA) Beats Earnings and Revenue Estimates
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Hawaiian Holdings, Inc. (HA - Free Report) just released its latest quarterly financial results, posting adjusted earnings of $1.09 per share and revenues of $665.4 million.
Currently, HA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 9.3% over the past month, but lost about 0.8% during regular trading hours today.
The stock is currently up 1.5% to $39.50 per share in after-hours trading shortly after its earnings report was released. Investors should note that HA recently adopted a new accounting standard, which may skew some previous results and estimate comparisons.
Hawaiian:
Beat earnings estimates.The company posted adjusted earnings of $1.09 per diluted share, beating the Zacks Consensus Estimate of $0.82 per share. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates.The company saw revenue figures of $665.4 million, beating our consensus estimate of $652.4 million.
The company saw year-over-year growth of 9.8% and 5.9% in revenue and adjusted income, respectively.
“Despite an uptick in competitive capacity in the first quarter, we generated more revenue and carried more guests than any first quarter in our history. No one should be surprised that Hawaiian rose to the challenge. My colleagues on the ground and in the air are without peer,” said CEO Peter Ingram.
Hawaiian Airlines expects ASMs in the second quarter to be up 5% to 7%, with operating revenue per ASM coming in flat to up 3%. In the full year, the company expects ASMs to be up 5% to 8%.
Here’s a graph that looks at Hawaiian’s recent earnings performance:
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise
Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is Hawai'i's biggest and longest-serving airline and the world's most punctual airline. The company is engaged primarily in the scheduled transportation of passengers, cargo and mail.
Check back later for our full analysis on HA’s earnings report!
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Hawaiian Holdings (HA) Beats Earnings and Revenue Estimates
Hawaiian Holdings, Inc. (HA - Free Report) just released its latest quarterly financial results, posting adjusted earnings of $1.09 per share and revenues of $665.4 million.
Currently, HA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 9.3% over the past month, but lost about 0.8% during regular trading hours today.
The stock is currently up 1.5% to $39.50 per share in after-hours trading shortly after its earnings report was released. Investors should note that HA recently adopted a new accounting standard, which may skew some previous results and estimate comparisons.
Hawaiian:
Beat earnings estimates.The company posted adjusted earnings of $1.09 per diluted share, beating the Zacks Consensus Estimate of $0.82 per share. Investors should note that this consensus projection has trended upward over the duration of the quarter.
Beat revenue estimates.The company saw revenue figures of $665.4 million, beating our consensus estimate of $652.4 million.
The company saw year-over-year growth of 9.8% and 5.9% in revenue and adjusted income, respectively.
“Despite an uptick in competitive capacity in the first quarter, we generated more revenue and carried more guests than any first quarter in our history. No one should be surprised that Hawaiian rose to the challenge. My colleagues on the ground and in the air are without peer,” said CEO Peter Ingram.
Hawaiian Airlines expects ASMs in the second quarter to be up 5% to 7%, with operating revenue per ASM coming in flat to up 3%. In the full year, the company expects ASMs to be up 5% to 8%.
Here’s a graph that looks at Hawaiian’s recent earnings performance:
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise
Hawaiian Holdings, Inc. Price, Consensus and EPS Surprise | Hawaiian Holdings, Inc. Quote
Hawaiian Holdings is a holding company of Hawaiian Airlines. Hawaiian Airlines is Hawai'i's biggest and longest-serving airline and the world's most punctual airline. The company is engaged primarily in the scheduled transportation of passengers, cargo and mail.
Check back later for our full analysis on HA’s earnings report!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>