US Airways Group (NYSE:LCC) will unveil its latest earnings tomorrow, Wednesday, January 23, 2013. US Airways Group is a holding company that operates a major network air carrier through its wholly owned subsidiaries US Airways, Piedmont, PSA, MSC, and Airways Assurance Limited.
US Airways Group Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for net income of 18 cents per share, a rise of 38.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from a loss of 11 cents. Between one and three months ago, the average estimate moved up. It has risen from 12 cents during the last month. Analysts are projecting profit to rise by 295.6% compared to last year’s $2.69.
Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at profit of 98 cents a share versus the estimate of net income of 92 cents a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the third quarter, profit rose more than threefold to $245 million ($1.24 a share) from $76 million (41 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.8% to $3.53 billion from $3.44 billion.
Here’s how US Airways Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:
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