Spirit Airlines (Nasdaq: SAVE ) is expected to report Q4 earnings around Feb. 16. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Spirit Airlines's revenues will grow 18.5% and EPS will drop -24.2%.
The average estimate for revenue is $324.7 million. On the bottom line, the average EPS estimate is $0.25.
Last quarter, Spirit Airlines booked revenue of $342.3 million. GAAP reported sales were 19% higher than the prior-year quarter's $288.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.35. GAAP EPS of $0.43 for Q3 were 13% higher than the prior-year quarter's $0.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 27.1%, 190 basis points worse than the prior-year quarter. Operating margin was 12.1%, 330 basis points worse than the prior-year quarter. Net margin was 9.0%, 60 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.32 billion. The average EPS estimate is $1.41.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 83 members out of 105 rating the stock outperform, and 22 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Spirit Airlines a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Spirit Airlines is outperform, with an average price target of $28.25.
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