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Southwest (LUV) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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The upcoming report from Southwest Airlines (LUV - Free Report) is expected to reveal quarterly earnings of $0.61 per share, indicating an increase of 454.6% compared to the year-ago period. Analysts forecast revenues of $8.26 billion, representing an increase of 18.8% year over year.
The current level reflects a downward revision of 23.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Southwest metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Operating Revenues- Passenger [$M]' will reach $7.48 billion. The estimate points to a change of +18.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Other' of $705.66 million. The estimate suggests a change of +18.8% year over year.
The consensus estimate for 'Operating Revenues- Freight [$M]' stands at $54.08 million. The estimate indicates a year-over-year change of +28.8%.
According to the collective judgment of analysts, 'Load factor' should come in at 82.3%. Compared to the present estimate, the company reported 79.8% in the same quarter last year.
Analysts' assessment points toward 'Revenue passenger miles (RPMs)' reaching 37.64 billion. The estimate is in contrast to the year-ago figure of 36.36 billion.
The average prediction of analysts places 'Available seat miles (ASMs)' at 45.43 billion. The estimate is in contrast to the year-ago figure of 45.57 billion.
The consensus among analysts is that 'CASM, excluding Fuel and oil expense, special items, and profit sharing expense' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts expect 'Passenger revenue per ASM (PRASM)' to come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'Revenue Per Available Seat Mile (RASM)' will likely reach N/A. The estimate compares to the year-ago value of N/A.
Analysts forecast 'CASM, excluding Fuel and oil expense and special items' to reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Based on the collective assessment of analysts, 'CASM, excluding special items' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
It is projected by analysts that the 'Passenger revenue yield per RPM' will reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Over the past month, Southwest shares have recorded returns of +1.2% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), LUV will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Southwest (LUV) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from Southwest Airlines (LUV - Free Report) is expected to reveal quarterly earnings of $0.61 per share, indicating an increase of 454.6% compared to the year-ago period. Analysts forecast revenues of $8.26 billion, representing an increase of 18.8% year over year.
The current level reflects a downward revision of 23.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Southwest metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts predict that the 'Operating Revenues- Passenger [$M]' will reach $7.48 billion. The estimate points to a change of +18.5% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Operating Revenues- Other' of $705.66 million. The estimate suggests a change of +18.8% year over year.
The consensus estimate for 'Operating Revenues- Freight [$M]' stands at $54.08 million. The estimate indicates a year-over-year change of +28.8%.
According to the collective judgment of analysts, 'Load factor' should come in at 82.3%. Compared to the present estimate, the company reported 79.8% in the same quarter last year.
Analysts' assessment points toward 'Revenue passenger miles (RPMs)' reaching 37.64 billion. The estimate is in contrast to the year-ago figure of 36.36 billion.
The average prediction of analysts places 'Available seat miles (ASMs)' at 45.43 billion. The estimate is in contrast to the year-ago figure of 45.57 billion.
The consensus among analysts is that 'CASM, excluding Fuel and oil expense, special items, and profit sharing expense' will reach N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts expect 'Passenger revenue per ASM (PRASM)' to come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
The combined assessment of analysts suggests that 'Revenue Per Available Seat Mile (RASM)' will likely reach N/A. The estimate compares to the year-ago value of N/A.
Analysts forecast 'CASM, excluding Fuel and oil expense and special items' to reach N/A. The estimate is in contrast to the year-ago figure of N/A.
Based on the collective assessment of analysts, 'CASM, excluding special items' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
It is projected by analysts that the 'Passenger revenue yield per RPM' will reach N/A. The estimate is in contrast to the year-ago figure of N/A.
View all Key Company Metrics for Southwest here>>>Over the past month, Southwest shares have recorded returns of +1.2% versus the Zacks S&P 500 composite's +2.4% change. Based on its Zacks Rank #3 (Hold), LUV will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .