Core Viewpoint - Analysts forecast that Southwest Airlines will report quarterly earnings of $0.56 per share, indicating no change from the previous year, with revenues expected to reach $7.52 billion, reflecting an 8.5% increase year-over-year [1]. Earnings Projections - The consensus EPS estimate has been revised 8.8% higher over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts predict 'Operating Revenues- Passenger' will reach $6.75 billion, a 7.1% increase from the prior-year quarter [4]. - The consensus for 'Operating Revenues- Other' is $680.12 million, indicating a year-over-year change of 17.5% [5]. - The estimate for 'Operating Revenues- Freight' stands at $50.48 million, reflecting a 12.2% increase from the previous year [5]. Key Metrics - Analysts estimate 'Revenue passenger miles (RPMs)' at 37.13 billion, compared to 34.47 billion the previous year [6]. - The estimated 'Available seat miles (ASMs)' is 46.05 billion, up from 43.53 billion year-over-year [6]. - The 'Load factor' is expected to reach 80.1%, compared to 79.2% from the previous year [5]. Fuel Consumption and Cost Metrics - Analysts forecast 'Fuel consumed' to be 567 million gallons, an increase from 531 million gallons year-over-year [8]. - The estimates for 'CASM, excluding Fuel and oil expense and special items' remain unavailable, as do other specific cost metrics [7][9]. Stock Performance - Shares of Southwest Airlines have increased by 2.2% over the past month, outperforming the S&P 500 composite's 0.4% increase [9].
Unlocking Q4 Potential of Southwest (LUV): Exploring Wall Street Estimates for Key Metrics