In the latest trading session, Southwest Airlines (LUV - Free Report) closed at $48.86, marking a -1.49% move from the previous day. This change lagged the S&P 500's 0.03% loss on the day.
Heading into today, shares of the airline had lost 1.68% over the past month, lagging the Transportation sector's gain of 4.41% and the S&P 500's gain of 3.59% in that time.
LUV will be looking to display strength as it nears its next earnings release. In that report, analysts expect LUV to post earnings of $0 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $4.77 billion, up 166.11% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.55 per share and revenue of $16.17 billion, which would represent changes of +75.08% and +78.69%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for LUV. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.97% lower. LUV is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
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In the latest trading session, Southwest Airlines (LUV - Free Report) closed at $48.86, marking a -1.49% move from the previous day. This change lagged the S&P 500's 0.03% loss on the day.
Heading into today, shares of the airline had lost 1.68% over the past month, lagging the Transportation sector's gain of 4.41% and the S&P 500's gain of 3.59% in that time.
LUV will be looking to display strength as it nears its next earnings release. In that report, analysts expect LUV to post earnings of $0 per share. This would mark year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $4.77 billion, up 166.11% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$1.55 per share and revenue of $16.17 billion, which would represent changes of +75.08% and +78.69%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for LUV. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 10.97% lower. LUV is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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