Frontier Group Holdings Q1 2024 Adj EPS $(0.09) Beats $(0.18) Estimate, Sales $865.000M Beat $861.577M Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontier Group Holdings (NASDAQ:ULCC) reported Q1 2024 adjusted EPS of $(0.09), surpassing the $(0.18) estimate, with sales of $865M beating the $861.577M forecast. This represents a 50% decrease in losses per share compared to last year and a 2% increase in sales.
May 02, 2024 | 10:52 am
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Frontier Group Holdings reported a smaller loss per share and higher sales than expected for Q1 2024, indicating a positive performance trend.
Beating both EPS and sales estimates typically leads to positive investor sentiment in the short term. The significant improvement in performance compared to last year's figures suggests a strong operational turnaround, likely to positively impact ULCC's stock price.
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