A Look Ahead: Southwest Airlines's Earnings Forecast
Portfolio Pulse from Benzinga Insights
Southwest Airlines (NYSE:LUV) is set to announce its quarterly earnings on October 24, 2024. Analysts expect an EPS of $-0.06. Despite a previous EPS beat, the stock dropped 3.03% the next day. The stock is up 30.76% over the past year, but analysts have a Neutral rating with a price target suggesting a 4.66% downside.
October 23, 2024 | 2:01 pm
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Southwest Airlines is expected to report an EPS of $-0.06. Despite a previous EPS beat, the stock fell 3.03% the next day. Analysts have a Neutral rating with a price target suggesting a 4.66% downside.
The expected EPS of $-0.06 indicates a potential loss, which could negatively impact the stock. However, the stock's previous reaction to an EPS beat was a decline, suggesting that even positive surprises may not lead to gains. The Neutral rating and downside price target further suggest limited short-term upside.
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