JUMP REPORT
SPIRIT AIR (SAVE)
EARNINGS RELEASE - JULY 22 (AMC)
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -2.66/share REV: 108.28/M
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LAST QTR: EPS: -.62/share ACTUAL: -.86/share (MISS)
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NEXT QTR: EPS: -1.46/share REV: 420.37/M
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FULL YR: EPS: -5.50/Share REV: 1,890/M
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BEAT/MISS RECORD: 68% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 5.56, -14.23, -9.19
EXPECTED JUMP MOVE THIS QUARTER: 10%
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*** With market volatility at extremes there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading
Links To Latest News and Headlines
High costs are likely to dent the bottom-line growth of airlines like American Airlines (AAL), Delta (DAL), United Airlines (UAL) and Spirit Airlines (SAVE) in Q3.
Spirit Airlines was downgraded Tuesday by TheStreet’s Quant Ratings service. Let’s get our carry-on and check out the charts and indicators. In the daily bar chart of SAVE, below, I can see that the shares have moved sharply lower in recent sessions.
Unpacking the Risks and Rewards of Investing in Spirit Airlines (SAVE)
A number of airlines including American (AAL), Spirit (SAVE), and Southwest (LUV) have warned about the impact of higher jet fuel costs. Third Bridge Global Sector Lead for Industrials Materials and Energy Peter McNally highlights three issues impacting the industry right now. The three issues McNally cites are the increase in international travel, costs, and capacity. Capacity has become an issue, he says, because now that suppliers are delivering planes, there are more seats, and that’s putting “downward pressure” on fares. “Airlines have less pricing power now than they do at any point since the recovery began,” McNally adds.
Investors need to pay close attention to Spirit Airlines (SAVE) stock based on the movements in the options market lately.
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Avg Daily Volume: 25,802,839 Market Cap: 1.48B
Sector: Services Short Interest: 24.8
Ticker delayed 20 minutes
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by Team Stockjumpers