Spirit Airlines, Inc. (NYSE:SAVE) is expected to report second quarter earnings results, after market close, on Wednesday 22nd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 2.66 per share.
Looking ahead, the full year loss are expected at $ 5.5 per share on the revenues of $ 1891.32 million.
Previous Quarter Performance
Spirit Airlines, Inc. came out with loss for the first quarter of $ 0.86 per share, from the revenue of $ 771.08 million. The quarterly revenues down 9.90 percent compared with the same quarter last year. Wall street analysts are predicting, SAVE to report 1Q20 loss of $ 0.62 per share from revenue of $ 810.21 million. The bottom line results missed street analysts by $ 0.24 or 38.71 percent, at the same time, top line results fell short of analysts by $ 39.13 million or 4.83 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SAVE was $ 16.65, representing a 137.52 % increase from the 52 week low of $ 7.01 and a 69.84 % decrease over the 52 week high of $ 55.21.
The company has a market capital of $ 1.48 billion and is part of the Industrials sector and Airlines industry.
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Recent Analyst recommendations
On 17th June 2020, initiated by Seaport Global Securities at Buy rating, with $ 29.00 target price.
On 15th June 2020, maintained by Citigroup at Buy rating, with $ 22.00 target price.
On 12th June 2020, downgraded by Credit Suisse Group to Underperform from Neutral rating, with $ 13.00 target price.
Spirit Airlines, Inc. provides low-fare airline services. The company operates approximately 600 daily flights to 72 destinations in the United States, the Caribbean, and Latin America.
