JP Morgan is reducing its estimates on shares of Southwest Airlines Co. LUV.
“LUV June RASM of 5% (excluding AAI) implies 2Q RASM of 6.7% vs. our 8.9% estimate. Holding other inputs constant (as LUV does not provide late-quarter cost guidance), this reduces our 2QE EPS from $0.26 to $0.20 vs. consensus of $0.22,” JP Morgan writes.
“Accordingly, our FY11E EPS moves from $0.67 to $0.61 vs. consensus of $0.69. No change to our price target or Neutral rating.”
Southwest Airlines closed Wednesday at $10.88.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in