Spirit Airlines (SAVE) Scheduled to Post Earnings on Wednesday

Spirit Airlines (NYSE: SAVE) will release earnings data after the market closes on Wednesday, July 28th. Analysts expect Spirit Airlines to post earnings of ($ 0.87) per share for the quarter.

Spirit Airlines (NYSE: SAVE) last released its quarterly earnings data on Tuesday April 20th. The company reported ($ 2.48) EPS for the quarter, beating Zacks’ consensus estimate of ($ 2.63) by $ 0.15. The company posted revenue of $ 461.30 million for the quarter, compared to the consensus estimate of $ 454.78 million. Spirit Airlines had a negative return on equity of 39.67% and a negative net margin of 34.21%. The company’s quarterly sales declined 40.2% compared to the same quarter of the previous year. For the same quarter last year, the company posted ($ 0.86) EPS. On average, analysts expect Spirit Airlines to report USD 3 EPS for the current financial year and USD 2 EPS for the next financial year.

Spirit Airlines shares opened at $ 27.63 on Wednesday. The fifty-day moving average for the stock is $ 32.76. The company has a market capitalization of $ 3.00 billion, a price to earnings ratio of -4.90, and a beta of 1.71. The company has a quick ratio of 1.51, a current ratio of 1.51, and debt of 1.46. Spirit Airlines has a 12-month low of $ 14.65 and a 12-month high of $ 40.77.

A number of equity research analysts recently released reports on SAVE stocks. Citigroup has upgraded Spirit Airlines from a “neutral” rating to a “buy” rating and its price target for the share in a research report dated Tuesday 15th. MKM Partners published a research report on Thursday 10th June started reporting on Spirit Airlines. They set a “Buy” rating and a target price of $ 44.00 on the stock. Susquehanna raised Spirit Airlines from a “neutral” rating to a “positive” rating and set a price target of USD 50.00 for the share in a research report on Tuesday, April 13th. JPMorgan Chase & Co. upgraded Spirit Airlines from an “underweight” rating to an “overweight” rating in a research report dated Wednesday April 14th and raised their price target for the stock from $ 31.00 to 54.00 $. Finally, Wolfe Research raised Spirit Airlines from an “underperform” rating to a “peer performance” rating and set a price target of USD 35.00 for the stock in a research report on Friday, May 14th. A stock research analyst has rated the stock with a sell rating, seven with a hold rating, and nine with a buy rating. The company currently has an average “hold” rating and a consensus target price of $ 39.13.


Access our leading research platform which includes MarketBeat Daily Premium, portfolio monitoring tools, stock screeners, research tools, a real-time news feed, email and SMS notifications, the MarketBeat Idea Engine, proprietary brokerage rankings, advanced data export tools and much more.

Spirit Airlines company profile

Spirit Airlines, Inc. provides airline services. It serves 78 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2020, the company had a fleet of 157 Airbus single-aisle aircraft, consisting of 31 A319ceos, 64 A320ceos, 32 A320neos and 30 A321ceos. It sells tickets through its airport call centers and ticket desks, as well as online through spirit.com; and through various third parties including online, traditional travel agencies, and electronic global distribution systems.

See also: What is the Fibonacci sequence?

Spirit Airlines (NYSE: SAVE) earnings history

This instant news alert was generated through narrative science technology and financial data from MarketBeat to provide readers with the fastest, most accurate coverage. This story has been reviewed by the editorial staff of MarketBeat prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $ 1,000 in Spirit Airlines now?

Before you consider Spirit Airlines, this is what you should hear.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly whispering to their customers to buy now, before the broader market takes hold … and Spirit Airlines wasn’t on the list.

While Spirit Airlines analysts currently have a “hold” rating, top-rated analysts hold these five stocks for better buys.

Check out the 5 stocks here

Leave a Comment