24/7 Wall St. has put together a preview of major airlines reporting their earnings this week. Although we had one of the majors post its results last week, the bulk of them are reporting later this week. Considering the new Trump administration has been positive for many industries, could we expect to see some further upside in this industry?
We have included the consensus estimates from Thomson Reuters, as well as a recent trading history and consensus analyst price target.
Just last week, one of the front-runners of the group, United Continental Holdings Inc. (NYSE: UAL) reported its fourth-quarter earnings results. The airline giant posted $1.78 in earnings per share (EPS) and $9.05 billion in revenue, versus consensus estimates that called for $1.73 in EPS and revenue of $9.03 billion. The same period of last year reportedly had EPS of $1.64 and $9.04 billion in revenue.
Shares of United were trading at $73.10 on Tuesday. The stock has a consensus analyst price target of $85.28 and a 52-week trading range of $37.41 to $76.80.
JetBlue Airways Corp. (NASDAQ: JBLU) is scheduled to report its fourth-quarter financial results on Thursday. The consensus estimates are $0.49 in EPS and $1.64 billion in revenue. In the same period of last year, JetBlue posted EPS of $0.56 and $1.59 billion in revenue. Its shares were last seen at $21.04, with a consensus price target of $26.08 and a 52-week range of $14.76 to $23.67.
Also on Thursday, look for the most recent results from Southwest Airlines Co. (NYSE: LUV). The consensus estimates are $0.69 in EPS and $5.03 billion in revenue. That would compare with the EPS of $0.90 and $4.98 billion in revenue posted in the same period of last year. Shares of Southwest were trading at $50.12 on Tuesday, in a 52-week range of $33.96 to $52.20. The consensus price target is $59.10.
The fourth-quarter earnings report from American Airlines Group Inc. (NASDAQ: AAL) is due on Friday. The consensus estimates call for $0.91 in EPS and $9.73 billion in revenue. The same period of last year saw $2.00 in EPS and revenue of $9.63 billion. The stock was last seen at $47.09 a share, within a 52-week range of $24.85 to $50.64. The consensus price target is $54.00.