Expert analysts are of the opinion that Southwest Airlines Co. is currently sinking as the market is gaining in more ways than one. LUV stocks traded at $47.59 in the last trading session. This marked a loss of $0.48% from the previous day’s close. This news came from LUV stocks as S&P 500 made a daily gain of 0.88%, NASDAQ made a gain of 0.7% and Dow added another 0.83%.
Last month, LUV stock was making a steady gain. It made a gain of 16.49% overtaking the transportation sector’s growth of 10.41% and S&P 500’s addition of 9.12% during that period. However, the bright look of LUV stock that was happening last month is not continuing this month, evidently.
Southwest Airlines Co. (NYSE: LUV) Stock Analysis
Analysts expect the Airlines Company’s stock to increase in strength by the next release of its earnings report. As per now, Southwest Airlines Co. is expected to report -$1.64 EPS. This is down by 267.35% since the corresponding quarter last year. The company is expected to announce a quarterly revenue of $2.18 billion, according to the latest consensus. This is also down by 61.92% on a year-over-year basis.
Zacks analysts expect a FY2020 (full year) EPS of -$6.50 which shows a negative change of 252.22% since previous year. The company’s net revenue is likely to be $9.18 billion, that is about 59.05% less than 2019.
According to Zack Investment Research, LUV stock has a rating of “Hold” currently. Several other firms have also submitted their reports on Southwest Airlines Co. stock. Its estimated EPS has also moved up by 0.49% since last month. According to Zacks’ Ranking system, Southwest Airlines Co. is ranked 242 among 250+ industries. This rank puts it at the bottom 6% of all the industries enlisted under Zacks Ranking system.
