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Old 05-15-2017 | 06:12 AM
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socrates
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Equities research analysts expect that Spirit Airlines Incorporated (NASDAQ:SAVE) will announce $715.3 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Spirit Airlines’ earnings, with the highest sales estimate coming in at $716.5 million and the lowest estimate coming in at $712.42 million. Spirit Airlines reported sales of $584.13 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.5%. The business is expected to report its next quarterly earnings results on Friday, August 4th.

On average, analysts expect that Spirit Airlines will report full year sales of $715.3 million for the current financial year, with estimates ranging from $2.74 billion to $2.78 billion. For the next financial year, analysts forecast that the company will post sales of $3.28 billion per share, with estimates ranging from $3.22 billion to $3.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Spirit Airlines.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings results on Friday, April 28th. The transportation company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. Spirit Airlines had a net margin of 11.41% and a return on equity of 22.22%. The firm had revenue of $591.80 million during the quarter, compared to analyst estimates of $591.31 million. During the same period in the previous year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis.
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