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

Sun Country Airlines Holdings

07/05/2024 13:03

* Sun Country Airlines Holdings Inc  SNCY.OQ  reported
quarterly
adjusted earnings of 66 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 68 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 65 cents to 77
cents per share.
    * Revenue rose 5.9% to $311.48 million from a year ago;
analysts
expected $316.26 million. 
    * Sun Country Airlines Holdings Inc's reported EPS for the
quarter
was 64 cents​.
    * The company reported quarterly net income of $35.31
million.
    * Sun Country Airlines Holdings Inc shares had fallen
by 6.8% this
quarter and lost 10.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.5%
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 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 $20.50 
This summary was machine generated from LSEG data May 7 at 12:03
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
 Mar. 31 2024      0.68           0.66           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