Southwest Airways (LUV) closed at $47.59 within the newest buying and selling session, marking a -0
Southwest Airways (LUV) closed at $47.59 within the newest buying and selling session, marking a -0.48% transfer from the prior day. This transfer lagged the S&P 500’s each day acquire of 0.88%. On the similar time, the Dow added 0.83%, and the tech-heavy Nasdaq gained 0.7%.
Previous to at the moment’s buying and selling, shares of the airline had gained 16.49% over the previous month. This has outpaced the Transportation sector’s acquire of 10.41% and the S&P 500’s acquire of 9.12% in that point.
LUV can be seeking to show energy because it nears its subsequent earnings launch. The corporate is predicted to report EPS of -$1.64, down 267.35% from the prior-year quarter. Our most up-to-date consensus estimate is asking for quarterly income of $2.18 billion, down 61.92% from the year-ago interval.
Trying on the full yr, our Zacks Consensus Estimates counsel analysts expect earnings of -$6.50 per share and income of $9.18 billion. These totals would mark modifications of -252.22% and -59.05%, respectively, from final yr.
Traders may additionally discover latest modifications to analyst estimates for LUV. Latest revisions are likely to replicate the newest near-term enterprise developments. In consequence, we are able to interpret optimistic estimate revisions as a superb signal for the corporate’s enterprise outlook.
Analysis signifies that these estimate revisions are immediately correlated with near-term share worth momentum. Traders can capitalize on this through the use of the Zacks Rank. This mannequin considers these estimate modifications and supplies a easy, actionable ranking system.
The Zacks Rank system ranges from #1 (Robust Purchase) to #5 (Robust Promote). It has a exceptional, outside-audited observe document of success, with #1 shares delivering a mean annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.49% larger throughout the previous month. LUV at present has a Zacks Rank of #3 (Maintain).
The Transportation – Airline business is a part of the Transportation sector. This business at present has a Zacks Business Rank of 242, which places it within the backside 6% of all 250+ industries.
The Zacks Business Rank gauges the energy of our business teams by measuring the common Zacks Rank of the person shares throughout the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to observe all of those stock-moving metrics, and lots of extra, on Zacks.com.
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Southwest Airways Co. (LUV): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.