Strength Seen in Sun Country Airlines (SNCY): Can Its 6.5% Jump Turn into More Strength?

Company Overview - Sun Country Airlines Holdings, Inc. (SNCY) shares increased by 6.5% to $10.57 in the last trading session, following a significant trading volume, contrasting with a 14.9% loss over the past four weeks [1] - Wolfe Research analyst Scott Group upgraded SNCY's rating to a Buy, citing the company's unique operational model and financial performance [2] Financial Performance - SNCY is projected to report quarterly earnings of $0.02 per share, reflecting an 85.7% year-over-year decline. Expected revenues are $252.06 million, which is a 1.3% increase from the same quarter last year [2] - The consensus EPS estimate for SNCY has been revised down by 4.2% over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Sun Country Airlines is part of the Zacks Transportation - Airline industry, where Copa Holdings (CPA) experienced a slight decline of 0.2% to $95.19 in the last trading session, with an 11.7% return over the past month [4] - Copa Holdings' consensus EPS estimate has increased by 0.7% over the past month to $3.44, representing a 21.6% decrease from the previous year [5]