Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.66 per share a year ago.
Sun Country Airlines (SNCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sun Country Airlines' business model shields it from revenue and cost fluctuations, focusing on profitable charters and cargo operations with predictable profits. Fourth quarter revenues grew 6.1% year-on-year, driven by higher revenues from lessee payments, holiday products, passenger, and cargo services. Operating income surged 52.2% to $26.1 million, highlighting the benefits of prioritizing cargo and charter operations over scheduled services.
Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY ) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Chris Allen - Director of Investor Relations Jude Bricker - Chief Executive Officer Dave Davis - President & Chief Financial Officer Grant Whitney - Senior Vice President & Chief Revenue Officer Conference Call Participants Ravi Shanker - Morgan Stanley Duane Pfennigwerth - Evercore Brandon Oglenski - Barclays Catherine O'Brien - Goldman Sachs Michael Linenberg - Deutsche Bank Scott Group - Wolfe Research Tom Fitzgerald - TD Cowen James Kirby - JPMorgan Christopher Stathoulopoulos - Susquehanna Operator Ladies and gentlemen, thank you for standing by. Welcome to the Sun Country Airlines Fourth Quarter and Full Year 2024 Earnings Call.
The headline numbers for Sun Country Airlines (SNCY) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.12 per share a year ago.
Sun Country Airlines Holdings Inc's SNCY Charter and Cargo operations, which contribute around 33% of the company's total revenues, create "differentiating demand drivers" that are not dependent on consumer discretionary spending on air travel, according to JPMorgan.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Sun Country Airlines (SNCY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Does Sun Country Airlines Holdings, Inc. (SNCY) have what it takes to be a top stock pick for momentum investors? Let's find out.
Sun Country Airlines (SNCY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The average of price targets set by Wall Street analysts indicates a potential upside of 33.3% in Sun Country Airlines (SNCY). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.