Southwest Airlines Co. Expected to Post Q2 2023 Earnings of $1.15 Per Share (NYSE:LUV)

Southwest Airlines Co. (NYSE: LUV) is projected to report second quarter 2023 earnings of $1.15 per share, according to analysts surveyed by Zacks Investment Research. The carrier is anticipated to present its financial results on July 27.

Zacks’ consensus estimate calls for a year-over-year improvement of 27.3%, as the carrier is projected to report a profit of $1.15 per share compared to earnings of $0.90 per share a year ago.

Analysts surveyed by Zacks are predicting quarterly sales of $6.02 billion, up 11.6% from the year-ago period. For the full year, analysts are forecasting earnings of $4.30 per share and revenue of $23.96 billion.

Since the same quarter one year prior, revenues have apparently grown by 11.6%. This growth rate is much lower than the industry average growth rate of 18.9%. Since the same quarter one year ago, the stock has grown by 45.6%.

The Southwest Airlines Co. (NYSE:LUV) is expected to report second quarter 2023 earnings of $1.15 per share, as projected by analysts surveyed by Zacks Investment Research. The carrier is anticipated to report its financial results on July 27.

As indicated by Zacks’ consensus estimate, this earnings figure would represent a year-over-year gain of 27.3%, with the carrier expected to announce a profit of $1.15 per share compared to earnings of $0.90 per share in the same period of the prior year.

Additionally, analysts surveyed by Zacks are forecasting quarterly sales of $6.02 billion, signifying an increase of 11.6% when compared to the corresponding period of the prior year. For the full year, analysts are estimating earnings of $4.30 per share and revenue of $23.96 billion.

Southwest Airlines Co. (NYSE: LUV) has demonstrated a notable uptick in revenue growth compared to the same quarter one year prior. This performance is evidenced by the 11.6% growth in revenues witnessed in this quarter. This growth rate is more moderate than the industry average growth rate of 18.9%. As well, the stock has seen a surge of 45.6% in the same quarter one year ago.