Spirit Airlines Inc expected to post a loss of $2.21 a share - Earnings Preview
22/10/2024 15:05
* Spirit Airlines Inc SAVE.N SAVE.K is expected to show
a fall
in quarterly revenue when it reports results on October 24
(estimated) for the period ending September 30 2024
* The Dania Beach Florida-based company is expected to
report a
6.6% decrease in revenue to $1.175 billion from $1.26 billion a
year ago, according to the mean estimate from 9 analysts, based
on LSEG data.The company's guidance on August 1 2024, for the
period ended September 30, was for revenue between $1.16 billion
and $1.18 billion.
* LSEG's mean analyst estimate for Spirit Airlines Inc is
for a
loss of $2.21 per share.
* The current average analyst rating on the shares is "sell"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 8 "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.
* Wall Street's median 12-month price target for Spirit
Airlines
Inc is $2.00, below its last closing price of $2.25.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jun. 30 2024 -1.39 -1.36 -1.44 Missed -6
Mar. 31 2024 -1.45 -1.45 -1.46 Missed -0.9
Dec. 31 2023 -1.37 -1.46 -1.36 Beat 7.1
Sep. 30 2023 -1.48 -1.48 -1.37 Beat 7.2
Jun. 0.39 0.38 0.29 Missed -24.1
30 2023
Mar. 31 2023 -0.83 -0.85 -0.82 Beat 3.7
Dec. 31 2022 0.03 0.04 0.12 Beat 206.1
Sep. 30 2022 -0.13 -0.10 0.03 Beat 131.4
This summary was machine generated October 22 at 14:05 GMT. All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)