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Ryanair (RYAAY) Q3 Loss Narrower Than Expected, Revenues Lag
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Ryanair Holdings (RYAAY - Free Report) incurred a loss (excluding 8 cents from non-recurring items) of $1.62 per share in the third quarter of fiscal 2021 (ended Dec 31, 2020), narrower than the Zacks Consensus Estimate of a loss of $1.95. In the year-ago period, the company reported earnings of 43 cents per share. Results reflect coronavirus-induced disruptions to air-travel demand.
Quarterly revenues of $406.9 million lagged the Zacks Consensus Estimate of $495 million. The top line plunged 80.7% year over year due to massive decline in traffic.
Ryanair’s net loss for the quarter came in at €306 million, against a profit of €88 in the year-ago period. Traffic dropped 78% year over year to 8.1 million as a result of travel restrictions imposed by European Union governments to curb the spread of the coronavirus pandemic. Load factor in the period was 70%.
Ryanair Holdings PLC Price, Consensus and EPS Surprise
Ancillary revenues fell 77% year over year in the reported quarter. The airline’s fuel costs declined 78% year over year due to reduced flying amid coronavirus-related fleet groundings as well as improved fuel burn. Total operating expenses declined 63% year over year. Ryanair, carrying a Zacks Rank #4 (Sell), had cash of €3.5 billion.
Amid coronavirus-related uncertainties, Ryanair anticipates fiscal 2021 net loss (pre-exceptional items) to be between €850 million and €950 million.
Performance of Other Airline Stocks
United Airlines (UAL - Free Report) , carrying a Zacks Rank #3 (Hold), incurred a loss (excluding 6 cents from non-recurring items) of $7 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $6.56. Meanwhile, operating revenues of $3,412 million lagged the Zacks Consensus Estimate of $3,420.4 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Delta Air Lines (DAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding $1.34 from non-recurring items) of $2.53 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $2.43. Total revenues of $3,973 million topped the Zacks Consensus Estimate of $3,754.5 million.
Southwest Airlines (LUV - Free Report) , carrying a Zacks Rank #3, incurred a loss of $1.29 per share (excluding 25 cents from non-recurring items) in the fourth quarter of 2020, narrower than the Zacks Consensus Estimate of a loss of $1.69. Meanwhile, operating revenues of $2,013 million lagged the Zacks Consensus Estimate of $2,117.5 million.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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Ryanair (RYAAY) Q3 Loss Narrower Than Expected, Revenues Lag
Ryanair Holdings (RYAAY - Free Report) incurred a loss (excluding 8 cents from non-recurring items) of $1.62 per share in the third quarter of fiscal 2021 (ended Dec 31, 2020), narrower than the Zacks Consensus Estimate of a loss of $1.95. In the year-ago period, the company reported earnings of 43 cents per share. Results reflect coronavirus-induced disruptions to air-travel demand.
Quarterly revenues of $406.9 million lagged the Zacks Consensus Estimate of $495 million. The top line plunged 80.7% year over year due to massive decline in traffic.
Ryanair’s net loss for the quarter came in at €306 million, against a profit of €88 in the year-ago period. Traffic dropped 78% year over year to 8.1 million as a result of travel restrictions imposed by European Union governments to curb the spread of the coronavirus pandemic. Load factor in the period was 70%.
Ryanair Holdings PLC Price, Consensus and EPS Surprise
Ryanair Holdings PLC price-consensus-eps-surprise-chart | Ryanair Holdings PLC Quote
Ancillary revenues fell 77% year over year in the reported quarter. The airline’s fuel costs declined 78% year over year due to reduced flying amid coronavirus-related fleet groundings as well as improved fuel burn. Total operating expenses declined 63% year over year. Ryanair, carrying a Zacks Rank #4 (Sell), had cash of €3.5 billion.
Amid coronavirus-related uncertainties, Ryanair anticipates fiscal 2021 net loss (pre-exceptional items) to be between €850 million and €950 million.
Performance of Other Airline Stocks
United Airlines (UAL - Free Report) , carrying a Zacks Rank #3 (Hold), incurred a loss (excluding 6 cents from non-recurring items) of $7 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $6.56. Meanwhile, operating revenues of $3,412 million lagged the Zacks Consensus Estimate of $3,420.4 million. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Delta Air Lines (DAL - Free Report) , carrying a Zacks Rank #3, incurred a loss (excluding $1.34 from non-recurring items) of $2.53 per share in the fourth quarter of 2020, wider than the Zacks Consensus Estimate of a loss of $2.43. Total revenues of $3,973 million topped the Zacks Consensus Estimate of $3,754.5 million.
Southwest Airlines (LUV - Free Report) , carrying a Zacks Rank #3, incurred a loss of $1.29 per share (excluding 25 cents from non-recurring items) in the fourth quarter of 2020, narrower than the Zacks Consensus Estimate of a loss of $1.69. Meanwhile, operating revenues of $2,013 million lagged the Zacks Consensus Estimate of $2,117.5 million.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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