Mesa Air Group Reports Fourth Quarter and Full-Year Fiscal 2020 Profit December 9, 2020
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Go back to Mesa Air Group Reports Fourth Quarter and Full-Year Fiscal 2020 Profit December 9, 2020
December 10, 2020 6:56 AM EST
Cowen analyst Helane Becker raised the price target on Mesa Air Group (NASDAQ: MESA) to $8.00 (from $4.00) while maintaining a Market Perform rating.
The analyst commented, "Mesa's 4QFY20 results were largely in line with our expectations, but above consensus as many... More
December 9, 2020 4:02 PM EST
Mesa Air Group (NASDAQ: MESA) reported Q4 EPS of $0.30, $0.32 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $124.85 million versus the consensus estimate of $92.95 million.
Chief Executive Officer Rob Wallstrom noted, Our quarterly earnings once again significantly exceeded last years performance as well as our expectations. We expanded our gross margin rate primarily through sales of cotton masks and controlled promotional activity, and we diligently managed our expenses, achieving meaningful expense leverage. Our multi-brand strategy is proving to be powerful.
Wallstrom continued, Customers are changing... More
