Southwest Airlines (LUV) Gains As Market Dips: What You Should Know

Southwest Airlines (LUV) closed the most recent trading day at $49.58, moving +1.02% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 1.7%.

Click to get this free report

– Zacks

Prior to today’s trading, shares of the airline had gained 3.63% over the past month. This has outpaced the Transportation sector’s loss of 1.77% and the S&P 500’s loss of 0.27% in that time.

Wall Street will be looking for positivity from LUV as it approaches its next earnings report date. The company is expected to report EPS of -$0.10, up 94.97% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4.62 billion, up 157.72% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.78 per share and revenue of $15.96 billion. These totals would mark changes of +71.38% and +76.42%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for LUV. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 20.65% lower within the past month. LUV is currently sporting a Zacks Rank of #4 (Sell).

The Transportation – Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 179, putting it in the bottom 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow LUV in the coming trading sessions, be sure to utilize Zacks.com.


Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>



Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Southwest Airlines Co. (LUV): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
News Related

OTHER NEWS

Gamification, A Rising Business Model In Edtech

Edtech startups such as Byju’s, Matific, Cuemath and others consider gamification as the future of online learning. According to a study by BlueWeave Consulting, the global education gamification market reached ... Read more »

Reshaping the Escape Room Reality Since 2014

The escape room industry started its journey in the US in 2012 and within three years itwitnessed a significant upsurge in demand leading to the expansion of the industry. Corporate ... Read more »

Report: United Airlines is Losing Millions By Keeping Unvaccinated Employees on Paid Leave

United Airlines loses about $700,000 a week by keeping its unvaccinated pilots on paid leave, according to court documents that were first reported on by Fox Business.  DANIEL SLIM | ... Read more »

US Gasoline Prices Vault to New 7-Year High

U.S. gasoline prices have notched yet another rise, with the national average hitting a fresh seven-year high. As of Oct. 27, the national average for a gallon of regular gasoline rose to $3.394 from the prior ... Read more »

SpaceX Addresses Leakage Issues on Crew Dragon Toilet Before Weekend Launch

Most people don’t think twice about going to the bathroom, but when you’re going to space, a faulty toilet can be a critical issue — which is exactly the problem SpaceX Crew Dragon ... Read more »

Tesla's Electrifying Growth

One man’s gain can be another man’s gain too.  Pexels As consumer interest in electric vehicles (EVs) skyrocket, car rental giant Hertz announced a significant investment to offer the largest ... Read more »

A New-age Painter With Exceptional Artistic Fervor

While every one of us has the ability to dream and in fact loves to dream, how many of us are actually courageous enough to chase our dreams? Not many, ... Read more »

Households face squeeze from inflation and flat wages

Britain faces a double squeeze on living standards as two decades of stagnating wages and spiralling inflation conspire against household finances, experts warned after Rishi Sunak’s big-spending Budget. © Provided ... Read more »

Stock futures rise slightly after S&P 500 slips from a record

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 27, 2021.Brendan McDermid | Reuters Stock futures edged higher in overnight trading on ... Read more »

Using Your Enneagram Type to Embrace Your Strengths and Understand Your Struggles

When you’re trying to untangle the complicated mystery of your own personality, it helps to have a guide. Sarajane Case has always been fascinated by why people behave the way ... Read more »

Stocks making the biggest moves after hours: Ford, eBay, Twilio and more

Ford Motor Company world headquarters, Dearborn, Michigan on January 19, 2021.Aaron J. Thornton | Getty Images Check out the companies making headlines in after-hours trading: Ford Motor — Shares of ... Read more »

Five big takeaways from Rishi Sunak's unusually complex budget

This was quite a complex budget – more so than usual. © Reuters Rishi Sunak has turned his focus to the post-COVID recovery On top of the usual barrage of ... Read more »

Budget: Rishi Sunak makes flights cheaper despite warnings to cut UK's air-travel demand

Rishi Sunak has been accused of undermining the UK’s response to the climate emergency, after his Budget included measures to make it cheaper to take internal flights and drive cars ... Read more »

Some workers fear 'unrealistically severe' cuts to Social Security benefits. Why that is not a reason to claim early

Senior couple in New York City. New York is the second-worst state for retirement. Allison Michael Orenstein | Getty Images By now, you have probably heard that the funds Social ... Read more »

If the billionaire tax survives, it may face legal challenges. Here's why

Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021.Greg Nash | Pool | Reuters As Democrats ... Read more »

Budget 2021: Rishi Sunak promises tax cuts by next election despite continued squeeze in the cost of living

Tax cuts will come before the next election, Rishi Sunak pledged on Wednesday as he laid out a Budget and spending review which promise a continued cost-of-living squeeze next year ... Read more »

Sunak cuts the Universal Credit taper rate to ease cost of living pressures

© Provided by City AM Rishi Sunak has today cut the Universal Credit taper rate in a move that will put £2bn back into the pockets of the country’s lowest ... Read more »

Will the Autumn Budget Universal Credit boost help you?

© Provided by This Is Money MailOnline logo The Chancellor has announced a change in the Universal Credit taper that will allow people to keep more of their benefits as ... Read more »

Rishi Sunak unveils spending spree with Scottish Government to receive extra £4.6 billion a year

Rishi Sunak has unveiled a budget that will see the Scottish Government receive an extra £4.6 billion a year. © Prime Minister Boris Johnson with Chancellor of the Exchequer Rishi ... Read more »

Medicare expansion hangs in the balance as Democrats race towards a deal

ATU Images | The Image Bank | Getty Images A major expansion of Medicare that Democrats proposed as part of the Build Back Better initiative is in danger of being ... Read more »

Bitcoin futures ETF may be a costly way to get long-term crypto exposure

boonchai wedmakawand | Moment | Getty Images Crypto enthusiasts had reason to cheer last week as digital currencies notched another milestone: the first U.S. bitcoin futures exchange-traded fund. Investors rushed ... Read more »

Millions will not benefit from Sunak's ‘tax cut for low paid', say activists

Millions of struggling low-income households will not benefit from the £2bn “tax cut for the low paid” announced by the chancellor in the budget as a way of easing the ... Read more »

Budget 2021 tax calculator: What the changes announced today mean for you and how much tax you will pay

Rishi Sunak has used the Budget to taper Universal Credit penalties for working claimants, while cutting air passenger duty on domestic flights and increasing the National Living Wage to £9.50 an hour. In an ... Read more »

Budget 2021: OBR forecasts council tax hike and rising cost of living will wipe out wage increases

Disposable income in UK households is expected to remain stagnant over the next few years, as inflation results in a higher cost of living that wipes out income growth, according ... Read more »

Avoiding the Price Trap: 3 Tips to Succeed as a Mission-Based Business

On this week’s episode of SUCCESS Line, I talk to Maria. Maria quit her job as a project manager two years ago to follow her dreams of starting her own ... Read more »

The era of surprise medical bills may be ending

staticnak1983 | E+ | Getty Images Americans will soon be protected from many unexpected medical bills, thanks to a new law that goes into effect Jan. 1. That legislation, called ... Read more »

Sundaram Finance looks at fighting vaccine hesitancy in TN as a 'moral imperative'

Chennai: Covid has been a tough time for the Sundaram Finance Group as the company has seen thousands of their customers and staff operating at various levels pass away during ... Read more »

Universal Credit: Budget changes to taper rate will only help a third of households in need

Changes to the universal credit allowances and taper rate will only help a third of households which have been relying on the axed emergency uplift of £20-a-week. Chancellor Rishi Sunak ... Read more »

Rishi Sunak £2bn tax cut to make Universal Credit 'reward work'

© Provided by Daily Mail MailOnline logo Rishi Sunak has revealed a £2 billion tax cut to make Universal Credit ‘reward work’ and help low-paid families with the cost of ... Read more »

Parents have nothing to thank Rishi Sunak for today

Take a big swig of the cheap rosé Rishi Sunak has promised, ladies, because you’re going to need it to swallow all the nonsense served up in the chancellor’s latest ... Read more »

Autumn Budget 2021: 'UK Government has shortchanged Scotland'

The Autumn Budget has been branded an ‘embarrassment’ and has ‘short-changed Scotland’, Scottish politicians have claimed, as the Chancellor unveiled a cut in aviation taxes and an increase in minimum ... Read more »

Gold loan securitisation volume stands at Rs 4,400 cr in H1 FY22: Report

<a href="/tag/gold-loan-securitisation“>Gold loan securitisation volumes stood at around Rs 4,400 crore in the first half of the current fiscal, same as volumes seen in the year-ago period, Icra Ratings said ... Read more »

Forex reserves surge by $58.38 bn in Mar-Sep 2021 period: RBI report

The country’s foreign exchange reserves surged by USD 58.38 billion in April-September 2021 to USD 635.36 billion, says an RBI report released on Wednesday. The forex reserves were at USD ... Read more »

Number of families paying inheritance tax will double

Thousands more families will be forced to pay inheritance tax in the coming years than previously feared, official figures have revealed.  © Provided by The Telegraph Man in a trap ... Read more »

Ask the Coach: I Don't Have the Mental Bandwidth to Tackle Growth in Every Area—What Do I Do?

I can’t seem to find the mental bandwidth to improve in all the areas of life that I want to improve. When I lean into my business, my health becomes ... Read more »

Minimum wage POLL: Is the rise from £8.91 to £9.50 enough amid rising cost of living?

Making his Budget speech in Parliament on Wednesday afternoon, the Chancellor said the hike amounted to a pay rise of over £1,000 per year for those working full time on ... Read more »

OBR warns 'wage spiral' could force interest rates to 3.5 PER CENT

© Provided by Daily Mail MailOnline logo The government’s watchdog today warned that a ‘wage spiral’ or energy shock could drive inflation to a three-decade high of  5.4 per cent ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic