Earnings Preview: Southwest Airlines
Portfolio Pulse from Benzinga Insights
Southwest Airlines (NYSE:LUV) is scheduled to release its quarterly earnings report on January 25, 2024. Analysts predict an EPS of $0.12. Investors are looking for an earnings beat and positive guidance for future growth. Historical data shows that guidance often impacts stock price more than earnings results. Last quarter, LUV missed EPS estimates by $0.00, resulting in a 4.49% share price drop the following day. Over the past year, LUV shares have declined by 12.16%.
January 24, 2024 | 2:01 pm
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NEUTRAL IMPACT
Southwest Airlines is anticipated to report an EPS of $0.12. Investors will focus on earnings results and future guidance. Historical trends show guidance impacts stock price significantly. Shares have been down over the past year, indicating potential investor concern.
The short-term impact on LUV's stock price will likely hinge on whether the company beats the EPS estimate and provides strong future guidance. Given the stock's sensitivity to past earnings performance and guidance, the reaction could be mixed. The recent downtrend in the stock price suggests investor caution, but a positive report could lead to a rebound. The confidence level is not at 100 due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100