A Look Ahead: Southwest Airlines's Earnings Forecast

Southwest Airlines (NYSE:LUV) is gearing up to announce its quarterly earnings on Thursday, 2024-10-24. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Southwest Airlines will report an earnings per share (EPS) of $-0.06.

The announcement from Southwest Airlines is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Performance in Previous Earnings

During the last quarter, the company reported an EPS beat by $0.07, leading to a 3.03% drop in the share price on the subsequent day.

Here's a look at Southwest Airlines's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.51

-0.34

0.11

0.38

EPS Actual

0.58

-0.36

0.37

0.38

Price Change %

-3.0%

-1.0%

-1.0%

-4.0%

Tracking Southwest Airlines's Stock Performance

Shares of Southwest Airlines were trading at $30.49 as of October 22. Over the last 52-week period, shares are up 30.76%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Observations about Southwest Airlines

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Southwest Airlines.

Analysts have provided Southwest Airlines with 10 ratings, resulting in a consensus rating of Neutral. The average one-year price target stands at $29.07, suggesting a potential ...