We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Hawaiian Holdings (HA) Is A Strong Buy Stock
Read MoreHide Full Article
Airlines have been in the news for all of the wrong reasons over the past few months amid a string of passenger related incidents. However, despite some turbulent press from a few major names like United (UAL - Free Report) , the industry is set to soar overall this summer, and Hawaiian Holdings is a stock positioned very well in the sector.
Hawaiian Airlines is already the largest airline based in the Hawaiian Islands, and it could be poised to see an uptick in passenger flights.
According to the Airlines for America lobbying group, nearly 2.54 million people will fly every day between June and August, bringing the summer total to roughly 234.1 million people overall—an all-time high. Summer travel is a big key for airlines, so this 4% year-over-year growth represents a potentially large windfall for the industry as a whole, as well as Hawaiian.
Last quarter, when some other airlines took a hit, Hawaiian beat the Zacks Consensus Estimate for both earnings and revenue, which helped send its shares up 17% in April. Hawaiian also raised its guidance and its full-year range for available seat miles.
Today, Hawaiian Holdings is a Zacks Rank #1 (Strong Buy). The Zacks Rank is strongly linked to earnings estimate revisions, therefore a Zacks Rank #1 (Strong Buy) is most often based on positive revision trends. We have seen seven positive estimate revisions to Hawaiian’s full-year earnings estimates, as well as five positive revisions to its current-quarter estimates, within the last 60 days.
It’s also our belief that your best stocks tend to come from the best performing industries. Airlines currently sit in the Top 21% of the Zacks Industry Rank, so this is another positive indicator. Look for this industry, and the overall Transportation sector, to feel a boost from a strong summer travel season.
Furthermore, Hawaiian scored an “A” for both Value and Growth in our Zacks Style Score system. Our current full-year Zacks Consensus Estimate calls for annual sales growth of 12.43% this year, which is well above the industry average of 5.10%. Hawaiian’s forward P/E ratio is an impressive 9.58.
While it may seem like rocky times for airlines, the industry is actually set to grow. Hawaiian just might be ready to soar as high as any other giants of the sector.
We expect Hawaiian to report again on July 20.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Here's Why Hawaiian Holdings (HA) Is A Strong Buy Stock
Airlines have been in the news for all of the wrong reasons over the past few months amid a string of passenger related incidents. However, despite some turbulent press from a few major names like United (UAL - Free Report) , the industry is set to soar overall this summer, and Hawaiian Holdings is a stock positioned very well in the sector.
Hawaiian Airlines is already the largest airline based in the Hawaiian Islands, and it could be poised to see an uptick in passenger flights.
According to the Airlines for America lobbying group, nearly 2.54 million people will fly every day between June and August, bringing the summer total to roughly 234.1 million people overall—an all-time high. Summer travel is a big key for airlines, so this 4% year-over-year growth represents a potentially large windfall for the industry as a whole, as well as Hawaiian.
Last quarter, when some other airlines took a hit, Hawaiian beat the Zacks Consensus Estimate for both earnings and revenue, which helped send its shares up 17% in April. Hawaiian also raised its guidance and its full-year range for available seat miles.
Today, Hawaiian Holdings is a Zacks Rank #1 (Strong Buy). The Zacks Rank is strongly linked to earnings estimate revisions, therefore a Zacks Rank #1 (Strong Buy) is most often based on positive revision trends. We have seen seven positive estimate revisions to Hawaiian’s full-year earnings estimates, as well as five positive revisions to its current-quarter estimates, within the last 60 days.
It’s also our belief that your best stocks tend to come from the best performing industries. Airlines currently sit in the Top 21% of the Zacks Industry Rank, so this is another positive indicator. Look for this industry, and the overall Transportation sector, to feel a boost from a strong summer travel season.
Furthermore, Hawaiian scored an “A” for both Value and Growth in our Zacks Style Score system. Our current full-year Zacks Consensus Estimate calls for annual sales growth of 12.43% this year, which is well above the industry average of 5.10%. Hawaiian’s forward P/E ratio is an impressive 9.58.
While it may seem like rocky times for airlines, the industry is actually set to grow. Hawaiian just might be ready to soar as high as any other giants of the sector.
We expect Hawaiian to report again on July 20.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade, which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>