Southwest Airlines (LUV - Free Report) reported $6.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.5%. EPS of $0.37 for the same period compares to -$0.38 a year ago.
The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $6.74 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +236.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Southwest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- CASM, excluding Fuel and oil expense, special items, and profit sharing expense: 10.96 cents versus 10.93 cents estimated by five analysts on average.
- Load factor: 78.2% versus 83.5% estimated by five analysts on average.
- Available seat miles (ASMs): 45,513 million versus the four-analyst average estimate of 45,330.12 million.
- Revenue passenger miles (RPMs): 35,580 million versus the four-analyst average estimate of 38,054.63 million.
- Revenue Per Available Seat Mile (RASM): 14.99 cents versus 14.9 cents estimated by four analysts on average.
- Passenger revenue per ASM (PRASM): 13.65 cents versus the four-analyst average estimate of 13.53 cents.
- Passenger revenue yield per RPM: 17.46 cents versus 16.25 cents estimated by three analysts on average.
- Fuel consumed: 565 Mgal compared to the 571.09 Mgal average estimate based on three analysts.
- CASM, excluding Fuel and oil expense and special items: 10.87 cents versus 10.98 cents estimated by three analysts on average.
- Operating Revenues- Passenger [$M]: $6.21 billion compared to the $6.09 billion average estimate based on six analysts. The reported number represents a change of +12.1% year over year.
- Operating Revenues- Other: $567 million versus the six-analyst average estimate of $573.66 million. The reported number represents a year-over-year change of -3.6%.
- Operating Revenues- Freight [$M]: $44 million versus $48.46 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
View all Key Company Metrics for Southwest here>>>Shares of Southwest have returned +6.5% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Southwest Airlines (LUV - Free Report) reported $6.82 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.5%. EPS of $0.37 for the same period compares to -$0.38 a year ago.
The reported revenue represents a surprise of +1.19% over the Zacks Consensus Estimate of $6.74 billion. With the consensus EPS estimate being $0.11, the EPS surprise was +236.36%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Southwest performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- CASM, excluding Fuel and oil expense, special items, and profit sharing expense: 10.96 cents versus 10.93 cents estimated by five analysts on average.
- Load factor: 78.2% versus 83.5% estimated by five analysts on average.
- Available seat miles (ASMs): 45,513 million versus the four-analyst average estimate of 45,330.12 million.
- Revenue passenger miles (RPMs): 35,580 million versus the four-analyst average estimate of 38,054.63 million.
- Revenue Per Available Seat Mile (RASM): 14.99 cents versus 14.9 cents estimated by four analysts on average.
- Passenger revenue per ASM (PRASM): 13.65 cents versus the four-analyst average estimate of 13.53 cents.
- Passenger revenue yield per RPM: 17.46 cents versus 16.25 cents estimated by three analysts on average.
- Fuel consumed: 565 Mgal compared to the 571.09 Mgal average estimate based on three analysts.
- CASM, excluding Fuel and oil expense and special items: 10.87 cents versus 10.98 cents estimated by three analysts on average.
- Operating Revenues- Passenger [$M]: $6.21 billion compared to the $6.09 billion average estimate based on six analysts. The reported number represents a change of +12.1% year over year.
- Operating Revenues- Other: $567 million versus the six-analyst average estimate of $573.66 million. The reported number represents a year-over-year change of -3.6%.
- Operating Revenues- Freight [$M]: $44 million versus $48.46 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +2.3% change.
View all Key Company Metrics for Southwest here>>>Shares of Southwest have returned +6.5% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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