Wall Street is expecting higher profit for Southwest Airlines when the company reports its first quarter results on Thursday, April 23, 2015. The consensus estimate is calling for profit of 64 cents a share, a rise from 18 cents per share a year ago.
Over the past three months, the consensus estimate has risen from 45 cents. For the fiscal year, analysts are projecting earnings of $3.53 per share. Revenue is projected to eclipse the year-earlier total of $4.17 billion by 6%, finishing at $4.41 billion for the quarter. For the year, revenue is projected to come in at $19.65 billion.
The company has seen improved revenue in the last two quarters. In the most recent quarter, revenue rose 11% year-over-year to $4.63 billion. The quarter before that, it rose 6%.
The company has been reaping profit in the past eight quarters, and for the last four, it has seen an average of 79% growth in profit year-over-year. The biggest boost for the company came in the first quarter, when profit jumped by more than twofold.
The majority of analysts (71%) rate Southwest as a buy. This compares favorably to the analyst ratings of eight similar companies, which average 67% buys.
Earnings estimates provided by Zacks.
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Source: southwest - Google News http://ift.tt/1DD6nd1
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