Sun Country Airlines Q4 2023 Adj EPS $0.12 Beats $0.05 Estimate, Sales $245.50M Miss $248.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sun Country Airlines (NASDAQ:SNCY) reported Q4 2023 earnings of $0.12 per share, surpassing the consensus estimate of $0.05 by 140%. However, their quarterly sales of $245.50 million fell short of the expected $248.21 million by 1.09%, despite being an 8.08% increase from the same period last year.
January 31, 2024 | 9:52 pm
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Sun Country Airlines exceeded EPS estimates but missed on revenue for Q4 2023, with a year-over-year sales increase.
While the EPS beat is positive, the revenue miss may temper investor enthusiasm, leading to a neutral short-term impact. The year-over-year sales growth is a positive sign, but the miss on expected revenue could cause concern about growth sustainability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100