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The company has a mediocre earnings track record, with the bottom line surpassing the Zacks Consensus Estimate in two of the last four quarters (lagging estimates in the other two). HA has a trailing four-quarter earnings surprise of 8.1%, on average.
The Zacks Consensus Estimate for the December-quarter bottom line has widened to a loss of $1.69 from a loss of 80 cents in the past 90 days.
Let’s take a look at the factors that are expected to have impacted the company’s fourth-quarter performance.
Weak air-travel demand amid Omicron-led concerns is expected to have affected the airline’s passenger revenues. The Zacks Consensus Estimate for fourth-quarter 2021 passenger revenues indicates an approximate 3.5% plunge from the year-ago period’s reported number.
Rising fuel cost in the fourth quarter is also expected to have hurt HA’s fourth-quarter bottom line. The Zacks Consensus Estimate for Aircraft Fuel (Including Taxes And Oil) indicates a rise of 10% sequentially.
Earnings Whispers
The proven Zacks model does not conclusively predict a bottom-line outperformance for Hawaiian Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as elaborated below. You can seethe complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Hawaiian Holdings has an Earnings ESP of -5.71%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Hawaiian Holdings carries a Zacks Rank #4 (Sell).
Highlights of Q3 Earnings
Hawaiian Holdings’ loss (excluding $1.23 from non-recurring items) of 95 cents per share was narrower than the Zacks Consensus Estimate of a loss of $1.29 and the year-ago quarter’s loss of $3.76. Quarterly revenues of $508.8 million skyrocketed 569.7% year over year and beat the Zacks Consensus Estimate of $490.6 million.
Stocks to Consider
Investors interested in the broader Transportation sector may consider C.H. Robinson Worldwide (CHRW - Free Report) , Werner Enterprises (WERN - Free Report) and Landstar System (LSTR - Free Report) , as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
C.H. Robinson currently has an Earnings ESP of +4.79% and a Zacks Rank #3. C.H. Robinson will report fourth-quarter results on Feb 2.
The company’s fourth-quarter performance is likely to have been aided by higher revenues owing to the improving freight market conditions in the United States. Shares of CHRW have gained 5.7% in a year’s time.
Werner has an Earnings ESP of +0.35% and is currently a #3 ranked player. Werner will release fourth-quarter 2021 results on Feb 3.
Werner’s move to expand its final-mile capabilities across the northeast United States and the midwest through the acquisition of NEHDS Logistics is encouraging. The transaction helps Werner offer expanded transportation solutions for the delivery of big and bulky products.
Landstar System has an Earnings ESP of +1.56% and is Zacks #3 ranked. Landstar System will release fourth-quarter 2021 results on Jan 26.
Landstar’s fourth-quarter performance is expected to be aided by improvement in the freight scenario in the United States. Higher truck rates owing to tight truck capacity will likely drive December-quarter performance.
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What's in the Cards for Hawaiian Holdings (HA) in Q4 Earnings?
Hawaiian Holdings, Inc. (HA - Free Report) is scheduled to report fourth-quarter 2021 results on Jan 25, after market close.
The company has a mediocre earnings track record, with the bottom line surpassing the Zacks Consensus Estimate in two of the last four quarters (lagging estimates in the other two). HA has a trailing four-quarter earnings surprise of 8.1%, on average.
The Zacks Consensus Estimate for the December-quarter bottom line has widened to a loss of $1.69 from a loss of 80 cents in the past 90 days.
Let’s take a look at the factors that are expected to have impacted the company’s fourth-quarter performance.
Hawaiian Holdings, Inc. Price and EPS Surprise
Hawaiian Holdings, Inc. price-eps-surprise | Hawaiian Holdings, Inc. Quote
Weak air-travel demand amid Omicron-led concerns is expected to have affected the airline’s passenger revenues. The Zacks Consensus Estimate for fourth-quarter 2021 passenger revenues indicates an approximate 3.5% plunge from the year-ago period’s reported number.
Rising fuel cost in the fourth quarter is also expected to have hurt HA’s fourth-quarter bottom line. The Zacks Consensus Estimate for Aircraft Fuel (Including Taxes And Oil) indicates a rise of 10% sequentially.
Earnings Whispers
The proven Zacks model does not conclusively predict a bottom-line outperformance for Hawaiian Holdings this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that is not the case here, as elaborated below. You can see the complete list of today’s Zacks #1 Rank stocks here.
Earnings ESP: Hawaiian Holdings has an Earnings ESP of -5.71%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Hawaiian Holdings carries a Zacks Rank #4 (Sell).
Highlights of Q3 Earnings
Hawaiian Holdings’ loss (excluding $1.23 from non-recurring items) of 95 cents per share was narrower than the Zacks Consensus Estimate of a loss of $1.29 and the year-ago quarter’s loss of $3.76. Quarterly revenues of $508.8 million skyrocketed 569.7% year over year and beat the Zacks Consensus Estimate of $490.6 million.
Stocks to Consider
Investors interested in the broader Transportation sector may consider C.H. Robinson Worldwide (CHRW - Free Report) , Werner Enterprises (WERN - Free Report) and Landstar System (LSTR - Free Report) , as these stocks possess the right combination of elements to beat on earnings this reporting cycle.
C.H. Robinson currently has an Earnings ESP of +4.79% and a Zacks Rank #3. C.H. Robinson will report fourth-quarter results on Feb 2.
The company’s fourth-quarter performance is likely to have been aided by higher revenues owing to the improving freight market conditions in the United States. Shares of CHRW have gained 5.7% in a year’s time.
Werner has an Earnings ESP of +0.35% and is currently a #3 ranked player. Werner will release fourth-quarter 2021 results on Feb 3.
Werner’s move to expand its final-mile capabilities across the northeast United States and the midwest through the acquisition of NEHDS Logistics is encouraging. The transaction helps Werner offer expanded transportation solutions for the delivery of big and bulky products.
Landstar System has an Earnings ESP of +1.56% and is Zacks #3 ranked. Landstar System will release fourth-quarter 2021 results on Jan 26.
Landstar’s fourth-quarter performance is expected to be aided by improvement in the freight scenario in the United States. Higher truck rates owing to tight truck capacity will likely drive December-quarter performance.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.