Sun Country Airlines Holdings Inc reports results for the quarter ended in December - Earnings Summary

Sun Country Airlines Holdings

01/02/2024 14:31

* Sun Country Airlines Holdings Inc  SNCY.OQ  reported
quarterly
adjusted earnings of 12 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 13 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 2 cents to 11
cents per share.
    * Revenue rose 8.1% to $245.54 million from a year ago;
analysts
expected $248.21 million. 
    * Sun Country Airlines Holdings Inc's reported EPS for the
quarter
was 10 cents​.
    * The company reported quarterly net income of $5.65
million.
    * Sun Country Airlines Holdings Inc shares had fallen
by 13.5%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 69.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the airlines peer
group
is  "hold."

Wall Street's median 12-month price target for Sun Country
Airlines Holdings Inc is $19.00 
This summary was machine generated from LSEG data February 1 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.05           0.12           Beat
 Sep. 30 2023      0.14           0.14           Met
 Jun. 30 2023      0.41           0.40           Missed
 Mar. 31 2023      0.56           0.68           Beat