US Airways Group Earnings: Here’s Why Investors Don’t Like These Results
US Airways Group, Inc. (NYSE:LCC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 1.1%.
US Airways Group, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.26 in the quarter versus EPS of $-0.13 in the year-earlier quarter.
Revenue: Rose 3.49% to $3.38 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: US Airways Group, Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.28. It beat the average revenue estimate of $3.37 billion.
Quoting Management: US Airways Group, Inc. Chairman and CEO Doug Parker stated, “We are extremely pleased to produce these record first quarter results. Our 32,000 hard-working team members continue to run a safe and reliable airline for our customers. These outstanding results are the product of their efforts and provide a solid foundation as we plan for combining with American Airlines.”
Key Stats (on next page)…
Revenue increased 3.11% from $3.28 billion in the previous quarter. EPS were the same at $0.26 as 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 $1.65 to a profit $1.56. For the current year, the average estimate has moved down from a profit of $3.15 to a profit of $2.99 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)