Sun Country Airlines Earlier Reported Q1 2024 Adj EPS $0.66 Misses $0.68 Estimate, Sales $311.000M Miss $316.260M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sun Country Airlines (SNCY) reported Q1 2024 adjusted EPS of $0.66, missing the $0.68 estimate, with sales of $311M also missing the $316.26M estimate. This represents a 5.74% increase in sales compared to the same period last year.
May 07, 2024 | 12:51 pm
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Sun Country Airlines reported a slight miss in Q1 2024 earnings and sales, with adjusted EPS at $0.66 against a $0.68 estimate and sales at $311M against a $316.26M estimate.
Missing both earnings and sales estimates can negatively impact investor sentiment and stock price in the short term. Although the sales increase of 5.74% YOY is positive, the miss on both key financial metrics could lead to a negative short-term reaction in the stock market.
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