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

Sun Country Airlines Holdings

02/08/2024 15:22

* Sun Country Airlines Holdings Inc  SNCY.OQ  reported
quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 40 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 3 cents to 7
cents per share.
    * Revenue fell 2.6% to $254.38 million from a year ago;
analysts
expected $257.50 million. 
    * Sun Country Airlines Holdings Inc's reported EPS for the
quarter
was 3 cents​.
    * The company reported quarterly net income of $1.81
million.
    * Sun Country Airlines Holdings Inc shares had fallen
by 7.1% this
quarter and lost 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 84.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the airlines peer
group
is also "buy"

Wall Street's median 12-month price target for Sun Country
Airlines Holdings Inc is $20.00 
This summary was machine generated from LSEG data August 2 at
02:22 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
 Jun. 30 2024      0.05           0.06           Beat
 Mar. 31 2024                     0.66           
 Dec. 31 2023      0.05           0.12           Beat
 Sep. 30 2023      0.14           0.14           Met