Sun Country Airlines Holdings, Inc. (SNCY) Beats Q3 Earnings Estimates

Zacks10-31

Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a ...

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This compares to earnings of $0.14 per share a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sun-country-airlines-holdings-inc-220512833.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sun Country Airlines Holdings, Inc. 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(SNCY) Beats Q3 Earnings Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 06:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/sun-country-airlines-holdings-inc-220512833.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a ...</p>\n\n<a href=\"https://finance.yahoo.com/news/sun-country-airlines-holdings-inc-220512833.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNCY","symbol_name":"Sun Country Airlines Holdings, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/sun-country-airlines-holdings-inc-220512833.html","article_id":"2479303795","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/26ddEdIk.0DefsBmi91u3Q--~B/aD01OTg7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/21b1f011539d3e31c28282071d344177"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479303795","pubTimestamp":1730325912,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Sun Country Airlines Holdings, Inc.  came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of 50%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Sun Country Airlines , which belongs to the Zacks Transportation - Airline industry, posted revenues of $249.47 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $248.88 million. The company has not been able to beat consensus revenue estimates over the last four quarters.Investors should be mindful of the fact that the outlook for the industry c","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SNCY":"Sun Country Airlines Holdings, Inc."},"translate_title":"太阳乡村航空控股公司(SNCY)第三季度盈利超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNCY":1},"content_text":"Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.\nThis quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.06, delivering a surprise of 50%.\nOver the last four quarters, the company has surpassed consensus EPS estimates three times.\nSun Country Airlines , which belongs to the Zacks Transportation - Airline industry, posted revenues of $249.47 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.81%. This compares to year-ago revenues of $248.88 million. The company has not been able to beat consensus revenue estimates over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.\nSun Country Airlines shares have lost about 20% since the beginning of the year versus the S&P 500's gain of 22.3%.\nWhat's Next for Sun Country Airlines?\nWhile Sun Country Airlines has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.\nAhead of this earnings release, the estimate revisions trend for Sun Country Airlines: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.12 on $256.93 million in revenues for the coming quarter and $0.86 on $1.07 billion in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nOne other stock from the same industry, Air Canada (ACDVF), is yet to report results for the quarter ended September 2024.\nThis company is expected to post quarterly earnings of $1.16 per share in its upcoming report, which represents a year-over-year change of -54.3%. The consensus EPS estimate for the quarter has been revised 41.7% higher over the last 30 days to the current level.\nAir Canada's revenues are expected to be $4.48 billion, down 5.3% from the year-ago quarter.\nWant 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\nSun Country Airlines Holdings, Inc. (SNCY) : Free Stock Analysis Report\nAir Canada (ACDVF) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479303795"}