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Can Southwest Airlines (LUV) Continue to Surge?
January 17, 2014

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One company that should be on your radar is Southwest Airlines Co. (LUV - Free Report) . The stock of this Regional Airlines industry has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LUV’s full year estimate, we have seen 5 estimates go higher in the past 30 days, compared to no lower estimate revisions during the same time period. This trend has helped the consensus estimate to trend higher, going from $1.04 cents a share a month ago to its current level at $1.08 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, LUV has seen some pretty solid trading lately, as the company has moved higher by 13.4% in the past month.

If Southwest Airlines can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LUV on your watch list for the future.

Other top-ranked stocks worth considering in this space include International Consolidated Airlines Group (ICAGY) with a Zacks Rank # 1 (Strong Buy), Air France (AFLYY) and Hawaiian Holdings Inc. (HA), both with a Zacks Rank #2 (Buy).
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