Frontier Group Holdings Q3 2024 Adj. EPS $(0.05) Misses $(0.03) Estimate, Sales $935.000M Miss $942.129M Estimate
Portfolio Pulse from Benzinga Newsdesk
Frontier Group Holdings reported a Q3 2024 adjusted EPS of $(0.05), missing the $(0.03) estimate. Sales were $935M, below the $942.129M estimate but up 5.89% from last year.
October 29, 2024 | 12:06 pm
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Frontier Group Holdings reported a Q3 2024 adjusted EPS of $(0.05), missing the $(0.03) estimate. Sales were $935M, below the $942.129M estimate but up 5.89% from last year.
The earnings per share (EPS) missed the analyst consensus by 66.67%, which is a significant miss and likely to negatively impact investor sentiment. Additionally, sales also missed expectations, albeit by a smaller margin. However, the year-over-year sales increase of 5.89% provides a slight positive aspect. Overall, the negative earnings surprise is likely to lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100