Southwest Airlines Company (NYSE:LUV) is set to announce second quarter earning results on Thursday 23rd July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, LUV to report 2Q20 loss of $ 2.66 per share.
For the full year, analysts anticipate top line of $ 10563.70 million, while looking forward to loss of $ 4.41 per share bottom line.
Previous Quarter Performance
Southwest Airlines Company unveiled loss for the first quarter of $ 0.15 per share, from the revenue of $ 4,234.00 million. The quarterly earnings contracted 67.06 percent while revenues compared with the same quarter last year.
Street analysts expected Southwest Airlines Company to report loss of $ 0.38 per share on revenue of $ 4450.00 million for the first quarter. The bottom line results beat street analysts by $ 0.23 or 60.53 percent, at the same time, top line results fell short of analysts by $ 216 million or 4.85 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LUV was $ 33.30, representing a 48.20 % increase from the 52 week low of $ 22.47 and a 43.4 % decrease over the 52 week high of $ 58.83.
The company has a market capital of $ 19.63 billion and is part of the Industrials sector and Airlines industry.
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Recent Analyst recommendations
On 13th July 2020, maintained by Deutsche Bank at Buy rating, with $ 48.00 target price.
On 29th June 2020, upgraded by Goldman Sachs Group to Buy from Sell rating, with $ 47.00 target price.
On 22nd June 2020, maintained by Raymond James at Strong Buy rating, with $ 45.00 target price.
On 17th June 2020, initiated by Seaport Global Securities at Buy rating, with $ 44.00 target price.
On 15th June 2020, maintained by Citigroup at Neutral rating, with $ 38.00 target price.
Conference Call
Southwest Airlines Company will be hosting a conference call at 12:30 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.southwest.com
Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.