Hawaiian Holdings, Inc. HAis scheduled to release first-quarter 2018 earnings numbers on Apr 24, after the closing bell.
Last quarter, the company reported in-line earnings and lower-than-expected revenues. Moreover, the bottom line declined 14.1% due to high costs while the top line increased 8.5% on a year-over-year basis.
Let’s see, how things shape up for this announcement.
Why a Likely Positive Surprise?
Our proven model shows that Hawaiian Holdings is likely to beat on earnings this quarter because it has the perfect combination of the following two key ingredients:
Zacks ESP: Hawaiian Holdings has an Earnings ESPof +1.27%. This is because the Most Accurate estimate is pegged at 83 cents per share, higher than the Zacks Consensus Estimate of 82 cents. A positive Zacks ESP is indicative of 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: Hawaiian Holdings carries a Zacks Rank #3 (Hold). Notably, stocks with a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 when combined with a positive ESP 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 seeing negative estimate revisions.