Spirit Airlines (SAVE) Earnings Growth to Accelerate in 2014 - Analyst
Imperial Capital maintained an Outperform rating on Spirit Airlines (NASDAQ:
SAVE) but cut its price target to $22.00 (from $29.00).
Commenting on Sprint's Q3 results, analyst at Imperial said "We continue to believe SAVE represents a great long-term growth story. Although elements of 2013 guidance were disappointing, we believe the company is trying carefully to manage street expectations as it matures."
Analysts expect heavy maintenance costs for 2013 to moderate earnings growth, though they will eventually reaccelerate in 2014.
"Going forward, we believe no traditional airline has found way to stop Spirit from growing its unique service offering. We expect SAVE to continue to grow topline between 18-20% while delivering strong bottom-line returns," said analysts at Imperial.
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 $17.68 yesterday, with a 52 week range of $13.90-$24.75.
SAVE) but cut its price target to $22.00 (from $29.00).
Commenting on Sprint's Q3 results, analyst at Imperial said "We continue to believe SAVE represents a great long-term growth story. Although elements of 2013 guidance were disappointing, we believe the company is trying carefully to manage street expectations as it matures."
Analysts expect heavy maintenance costs for 2013 to moderate earnings growth, though they will eventually reaccelerate in 2014.
"Going forward, we believe no traditional airline has found way to stop Spirit from growing its unique service offering. We expect SAVE to continue to grow topline between 18-20% while delivering strong bottom-line returns," said analysts at Imperial.
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 $17.68 yesterday, with a 52 week range of $13.90-$24.75.