SAVE Earnings

SAVE reported its earnings on 2024-10-31, showcasing a revenue of against an estimate of , resulting in a 0% surprise. The EPS was 0, surpassing the expected -2.32 by 0% . The stock experienced a -4.38% price change on the earnings day and a 8.37% change over the next five days, reflecting market reactions to the results.

Following SAVE's earnings announcement on 2024-10-31, the stock price moved by -4.38% on the day of the release. Over the subsequent five days, it saw a 8.37% change. Historically, SAVE's stock price tends to shift by an average of -6.41% in the 10 days leading up to earnings and -9.42% in the 10 days following, providing insight into potential market.

For 2024/Q4, analysts estimate SAVE’s annual revenue to reach 1.23B, while the EPS is projected at -1.44. These estimates reflect recent revisions, with revenue estimates revised Revenue No Change by % and EPS estimates No Change by % over the past three months, indicating analyst expectation in the company’s performance.

The correlation between SAVE's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock’s fundamentals. Over the past three months, revenue estimates for were No Change by %, while EPS estimates moved No Change by % . This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, SAVE's stock price typically moves by -6.41% in the 10 days before its earnings and -9.42% in the 10 days after. For the upcoming 2024/Q4 earnings, analysts expect an EPS of -1.44 and revenue of 1.23B.

The earnings call summary reveals several negative factors: a significant adjusted net loss, declining revenue and TRASM, and a negative operating margin. Despite cost-saving initiatives and liquidity improvements, the Q&A session highlights ongoing challenges, such as supply chain issues and unclear profitability timelines. The lack of guidance on breakeven network percentages and uncertain capacity outlook further dampens sentiment. Although there are potential long-term benefits from new strategies, the immediate outlook remains challenging, justifying a negative sentiment rating.