Spirit Airlines, Inc. SAVEis slated to release first-quarter 2018 results on Apr 26, before he market opens.
In fourth-quarter 2017, the company delivered a positive earnings surprise of 2.82%. Moreover, it has an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the preceding four quarters with an average beat of 3.
Let’s see, how things shape up for this earnings season.
What the Zacks Model Unveils
Our proven model shows that Spirit Airlines is likely to beat on earnings this quarter as it comprises the perfect combination of the following two key ingredients:
Zacks ESP: Spirit Airlines has an Earnings ESPof +2.46% as the Most Accurate estimate of 44 cents is pegged above the Zacks Consensus Estimate of 43 cents. A positive ESP indicates a likely earnings surprise. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Spirit Airlines carries a Zacks Rank #3 (Hold), which further increases the predictive power of ESP. Notably, stocks with a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 have significantly higher chances of beating estimates.
Conversely, the Sell-rated stocks (#4 or 5) should never be considered going into an earnings announcement, especially when the company is witnessing negative estimate revisions.