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SAVE

Spirit Airlines

$37.77

0.52 (1.40%)

16:19
10/23/19
10/23
16:19
10/23/19
16:19

Spirit Airlines reports Q3 EPS $1.22, consensus $1.23

Reports Q3 revenue $991.97M, consensus $986.9M. "I want to thank all our team members for their dedication and commitment to provide our Guests a quality travel experience in what was a very busy summer travel period. In addition to record passenger volumes, numerous summer storm systems across our network, including Hurricane Dorian, made for a challenging operating environment. We have made several adjustments to improve our ability to better recover from adverse weather and we are already seeing the effects. Over the past couple of months, our operational performance has rebounded and we have consistently achieved high completion factors along with great on-time performance," said Ted Christie, Spirit's president and CEO. "We are committed to continuously drive improvement throughout our business and to deliver strong earnings growth and returns for our shareholders."

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    Nov

SAVE Spirit Airlines
$37.77

0.52 (1.40%)

09/13/19
MACQ
09/13/19
UPGRADE
Target $47
MACQ
Outperform
Spirit Airlines upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Susan Donofrio upgraded Spirit Airlines to Outperform from Neutral and keeps a $47 price target on the shares.
09/23/19
SPHN
09/23/19
DOWNGRADE
Target $45
SPHN
Equal Weight
Spirit Airlines downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Jack Atkins downgraded Spirit Airlines to Equal Weight from Overweight and lowered his price target for the shares to $45 from $55. With its heavy Southeast and Caribbean exposure, Spirit significantly lowered its Q3 guidance in early September due to Hurricane Dorian, Atkins tells investors in a research note. While the analyst continues to see long-term opportunities for the airline to drive higher non-ticket and ancillary revenues, he sees limited near-term catalysts, "particularly in the face of growing competition," noting that other airlines are successfully growing their discounted fare options. As a result, Atkins sees a more challenging backdrop for Spirit Airlines in 2020.
09/23/19
09/23/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Alcoa (AA) downgraded to Neutral from Buy at Goldman Sachs. 2. Commercial Metals (CMC) was downgraded to Neutral from Buy at Goldman Sachs while Schnitzer Steel (SCHN) was downgraded to Sell from Neutral. 3. AK Steel (AKS) was downgraded to Underweight from Overweight at JPMorgan while Cleveland-Cliffs (CLF) and U.S. Steel (X) were downgraded to Neutral from Overweight. 4. Clorox (CLX) downgraded to Underweight from Equal Weight at Barclays. 5. Spirit Airlines (SAVE) downgraded to Equal Weight from Overweight at Stephens with analyst Jack Atkins saying with its heavy Southeast and Caribbean exposure, Spirit significantly lowered its Q3 guidance in early September due to Hurricane Dorian. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/21/19
BUCK
10/21/19
NO CHANGE
Target $88
BUCK
Buy
Alaska Air price target raised to $88 from $78 at Buckingham
Buckingham analyst Daniel McKenzie raised his price target for Alaska Air (ALK) to $88 from $78 and lowered his price target for American Airlines (AAL) to $42 from $43. He maintained Buy ratings on both airline names ahead of Q3 earnings this week. In a research note to investors, McKenzie says the industry is set to deliver Q3 pre-tax profits of $5.8B, up 16.5% year-over-year, primarily on top line revenue growth. The analyst believes Alaska Air, American Airlines, Hawaiian Holdings (HA) and JetBlue (JBLU) are most likely to outperform on revenue and EPS execution, while he thinks Spirit Airlines (SAVE) is the most likely to disappoint.

TODAY'S FREE FLY STORIES

SITM

SiTime

$0.00

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  • 21

    Nov

GRUB

GrubHub

$41.80

1.195 (2.94%)

10:55
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10:55
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10:55
Options
GrubHub put volume heavy and directionally bearish »

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SITM

SiTime

$0.00

(0.00%)

10:50
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Syndicate
Breaking Syndicate news story on SiTime »

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  • 21

    Nov

PAYS

Paysign

$8.71

-0.26 (-2.90%)

10:50
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Aurelius says short Paysign, sees 'stock promotion set to end in failure' »

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DISCA

Discovery

$31.72

-0.29 (-0.91%)

10:46
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Discovery shares 'dramatically undervalued,' says John Malone »

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FCX

Freeport McMoRan

$10.94

-0.105 (-0.95%)

10:45
11/21/19
11/21
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10:45
Options
Freeport McMoRan call volume above normal and directionally bullish »

Bullish option flow…

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10:45
11/21/19
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General news
Breaking General news story  »

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General news
Breaking General news story  »

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General news
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General news
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CAN

Canaan

$0.00

(0.00%)

10:44
11/21/19
11/21
10:44
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10:44
Syndicate
Breaking Syndicate news story on Canaan »

Canaan opens at $12.60,…

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  • 21

    Nov

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

10:44
11/21/19
11/21
10:44
11/21/19
10:44
Periodicals
Breaking Periodicals news story on We Company, SoftBank, SoftBank »

WeWork to cut 2,400 jobs…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
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03/06/13
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SITM

SiTime

$0.00

(0.00%)

10:42
11/21/19
11/21
10:42
11/21/19
10:42
Syndicate
SiTime indicated to open at $17.25, IPO priced at $13.00 »

SiTime (SITM) priced 4.3M…

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  • 21

    Nov

CAN

Canaan

$0.00

(0.00%)

10:41
11/21/19
11/21
10:41
11/21/19
10:41
Syndicate
Breaking Syndicate news story on Canaan »

Canaan indicated to open…

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  • 21

    Nov

10:35
11/21/19
11/21
10:35
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10:35
General news
U.S. existing home sales tracked estimates »

U.S. existing home sales…

TSLA

Tesla

$357.27

4.94 (1.40%)

, GM

General Motors

$35.16

-0.1 (-0.28%)

10:34
11/21/19
11/21
10:34
11/21/19
10:34
On The Fly
Wall Street eyes Tesla ahead of 'Cybertruck' pickup truck reveal »

Shares of Tesla (TSLA)…

TSLA

Tesla

$357.27

4.94 (1.40%)

GM

General Motors

$35.16

-0.1 (-0.28%)

F

Ford

$8.72

-0.005 (-0.06%)

AMZN

Amazon.com

$1,738.96

-6.54 (-0.37%)

03/08/13
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  • 09

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  • 04

    Feb

CAN

Canaan

$0.00

(0.00%)

10:32
11/21/19
11/21
10:32
11/21/19
10:32
Syndicate
Canaan indicated to open at $12.60, IPO priced at $9.00 »

Canaan (CAN) priced 10M…

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  • 21

    Nov

10:30
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Breaking Hot Stocks news story  »

Civista Bancshares…

VKTX

Viking Therapeutics

$7.20

0.12 (1.69%)

10:30
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10:30
Recommendations
Viking Therapeutics analyst commentary  »

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SPY

SPDR S&P 500 ETF Trust

$310.33

-0.47 (-0.15%)

10:30
11/21/19
11/21
10:30
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10:30
Options
Put sales in SP500 ETF likely unwind hedges from August »

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USO

United States Oil Fund

$12.11

0.2 (1.68%)

10:30
11/21/19
11/21
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10:30
General news
EIA natural gas storage change for week ending November 15 »

Gas inventories 94 Bcf…

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10:25
11/21/19
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Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

SNAP

Snap

$15.56

0.245 (1.60%)

10:25
11/21/19
11/21
10:25
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10:25
Options
Snap Inc. call volume above normal and directionally bullish »

Bullish option flow…

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  • 21

    Nov

10:25
11/21/19
11/21
10:25
11/21/19
10:25
General news
Treasury Action: Treasuries have continued to give ground »

Treasury Action:…

TRIP

TripAdvisor

$28.18

0.22 (0.79%)

10:25
11/21/19
11/21
10:25
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10:25
Conference/Events
TripAdvisor to host investor meeting »

Investor meeting to be…

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