Barclays Maintains an 'Overweight' on Spirit Airlines (SAVE); Adjusting Estimates on Softer-Than-Expected Q1
Tweet
Share
E-mailGet Alerts SAVE Hot Sheet
Price: $1.08 --0%
Rating Summary:
4 Buy, 11 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 11 Hold, 10 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Spirit Airlines (NASDAQ: SAVE) price target of $29.00.
Analyst, David E. Fintzen, said, "SAVE reported its March traffic results as well as updated investor guidance. 1Q revenue, which is expected to grow ~29% y/y, is respectable by any standard, but did fall short of our expectations of 32%. As a result, 1Q EPS looks to be ~5c shy of our and consensus estimates of $0.38."
Fintzen lowers Q1 EPS from $0.38 to $0.32, FY12 remains at $1.90, FY13 raised to $2.35 from $2.30.
For an analyst ratings summary and ratings history on Spirit Airlines click here. For more ratings news on Spirit Airlines click here.
Shares of Spirit Airlines closed at $22.05 yesterday.
Analyst, David E. Fintzen, said, "SAVE reported its March traffic results as well as updated investor guidance. 1Q revenue, which is expected to grow ~29% y/y, is respectable by any standard, but did fall short of our expectations of 32%. As a result, 1Q EPS looks to be ~5c shy of our and consensus estimates of $0.38."
Fintzen lowers Q1 EPS from $0.38 to $0.32, FY12 remains at $1.90, FY13 raised to $2.35 from $2.30.
For an analyst ratings summary and ratings history on Spirit Airlines click here. For more ratings news on Spirit Airlines click here.
Shares of Spirit Airlines closed at $22.05 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho Reiterates Outperform Rating on Broadcom Limited (AVGO) Into EPS
- Bernstein SocGen on Meta Platforms Inc. (META): 'Risk-reward remains attractive'
- DA Davidson Starts Everus (ECG) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
