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.
Spirit (SAVE) Stock Moves -0.86%: What You Should Know
Read MoreHide Full Article
Spirit (SAVE - Free Report) closed the most recent trading day at $13.76, moving -0.86% from the previous trading session. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Prior to today's trading, shares of the airline had gained 18.43% over the past month. This has outpaced the Transportation sector's gain of 0.24% and the S&P 500's gain of 5.45% in that time.
SAVE will be looking to display strength as it nears its next earnings release. On that day, SAVE is projected to report earnings of -$0.36 per share, which would represent a year-over-year decline of 142.86%. Our most recent consensus estimate is calling for quarterly revenue of $898.38 million, up 4.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.23 per share and revenue of $2.93 billion. These totals would mark changes of -124.17% and -23.45%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SAVE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 124.2% lower. SAVE currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Spirit (SAVE) Stock Moves -0.86%: What You Should Know
Spirit (SAVE - Free Report) closed the most recent trading day at $13.76, moving -0.86% from the previous trading session. This change was narrower than the S&P 500's 2.2% loss on the day. Meanwhile, the Dow lost 1.86%, and the Nasdaq, a tech-heavy index, lost 1.44%.
Prior to today's trading, shares of the airline had gained 18.43% over the past month. This has outpaced the Transportation sector's gain of 0.24% and the S&P 500's gain of 5.45% in that time.
SAVE will be looking to display strength as it nears its next earnings release. On that day, SAVE is projected to report earnings of -$0.36 per share, which would represent a year-over-year decline of 142.86%. Our most recent consensus estimate is calling for quarterly revenue of $898.38 million, up 4.98% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.23 per share and revenue of $2.93 billion. These totals would mark changes of -124.17% and -23.45%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for SAVE. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 124.2% lower. SAVE currently has a Zacks Rank of #3 (Hold).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 215, putting it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.