Sun Country Airlines (SNCY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
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.
Sun Country Airlines has mechanisms to shield financial results, resulting in a 23% stock gain, outperforming the S&P 500's 16% gain. Despite flat third quarter revenues, the company is shifting capacity from scheduled services to charter and cargo, enhancing future performance. I'm increasing my price target for Sun Country Airlines by 17% to $18.28, citing strong growth prospects and improved EBITDA estimates.
Sun Country Airlines Holdings, Inc. (SNCY) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SNCY's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.
The average of price targets set by Wall Street analysts indicates a potential upside of 38.7% 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.
Sun Country Airlines (SNCY) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
The consensus price target hints at a 25.4% upside potential for Sun Country Airlines (SNCY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
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.
Sun Country Airlines (SNCY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Sun Country Airlines (SNCY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Sun Country Airlines Holdings, Inc (NASDAQ:SNCY ) Q3 2024 Results Conference Call October 31, 2024 8:30 AM ET Company Participants Chris Allen - Director of Investor Relations Jude Bricker - Chief Executive Officer David Davis - President, Chief Financial Officer & Director Conference Call Participants Duane Pfennigwerth - Evercore ISI Brandon Oglenski - Barclays Shannon Doherty - Deutsche Bank Tom Fitzgerald - TD Cowen Scott Group - Wolfe Research Operator Welcome to the Sun Country Airlines Third Quarter 2024 Earnings Call. My name is Daniel, and I will be your operator for today's call.
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.