Earnings Preview For Sun Country Airlines

Sun Country Airlines (NASDAQ:SNCY) is preparing to release its quarterly earnings on Wednesday, 2024-10-30. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Sun Country Airlines to report an earnings per share (EPS) of $0.06.

The market awaits Sun Country Airlines's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings Track Record

During the last quarter, the company reported an EPS beat by $0.01, leading to a 5.48% drop in the share price on the subsequent day.

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

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.05

0.68

0.05

0.14

EPS Actual

0.06

0.66

0.12

0.14

Price Change %

-5.0%

-8.0%

8.0%

-3.0%

Market Performance of Sun Country Airlines's Stock

Shares of Sun Country Airlines were trading at $13.04 as of October 28. Over the last 52-week period, shares are down 0.23%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Analysts' Take on Sun Country Airlines

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Sun Country Airlines.

Sun Country Airlines has received a total of 2 ratings from analysts, with the consensus rating ...