Southwest Airlines (LUV - Free Report) closed the most recent trading day at $34.75, moving +1.14% from the previous trading session. This change outpaced the S&P 500's 0.43% gain on the day. Meanwhile, the Dow gained 0.5%, and the Nasdaq, a tech-heavy index, added 0.75%.
LUV will be looking to display strength as it nears its next earnings release, which is expected to be July 23, 2020. On that day, LUV is projected to report earnings of -$3.05 per share, which would represent a year-over-year decline of 322.63%. Our most recent consensus estimate is calling for quarterly revenue of $657.81 million, down 88.87% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$5.03 per share and revenue of $10.54 billion. These totals would mark changes of -217.8% and -53%, respectively, from last year.
Any recent changes to analyst estimates for LUV should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.27% lower. LUV is currently sporting a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 180, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.