Hawaiian Holdings Earnings: Here’s Why the Stock is Falling Now

Hawaiian Holdings Inc. (NASDAQ:HA) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.04%.

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Hawaiian Holdings Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.29 in the quarter versus EPS of $0.06 in the year-earlier quarter.

Revenue: Rose 12.69% to $490.75 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Hawaiian Holdings Inc. reported adjusted EPS loss of $0.29 per share. By that measure, the company missed the mean analyst estimate of $-0.23. It missed the average revenue estimate of $494.23 million.

Quoting Management: Mark Dunkerley, the Company’s President and Chief Executive Officer, commented that “Our results for the quarter were disappointing but unsurprising. Our performance was undermined by an extraordinary increase in total industry capacity between Hawaii and the U.S. West Coast and in certain international markets during what is traditionally the weakest quarter of the year. However, good cost control and an improvement in our Neighbor Island segment helped offset some of the impact during the period. Looking ahead, published schedules show capacity beginning to decline in the second half which should improve the operating environment.

Key Stats (on next page)…

Revenue decreased 0.45% from $492.99 million in the previous quarter. EPS decreased to $-0.29 in the quarter versus EPS of $0.00 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.26 to a profit $0.14. For the current year, the average estimate has moved down from a profit of $1.33 to a profit of $0.98 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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