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US Airways Group (NYSE:LCC) will unveil its latest earnings on Wednesday, October 24, 2012. 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 estimate of analysts is for net income of 90 cents per share, a rise of 80% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from $1.29. Between one and three months ago, the average estimate moved down. It has risen from 77 cents during the last month. Analysts are projecting profit to rise by 252.9% compared to last year’s $2.40.
Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at profit of $1.61 a share versus the estimate of net income of $1.55 a share. It marked the fourth straight quarter of beating estimates.
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A Look Back: In the second quarter, profit rose more than threefold to $306 million ($1.54 a share) from $92 million (49 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 7.2% to $3.75 billion from $3.5 billion.
Stock Price Performance: From September 20, 2012 to October 18, 2012, the stock price rose $1.04 (9.7%), from $10.68 to $11.72. The stock price saw one of its best stretches over the last year between May 22, 2012 and May 31, 2012, when shares rose for seven straight days, increasing 24.5% (+$2.60) over that span. It saw one of its worst periods between July 13, 2012 and July 20, 2012 when shares fell for six straight days, dropping 16.9% (-$2.44) over that span.
Wall St. Revenue Expectations: Analysts predict a rise of 3.2% in revenue from the year-earlier quarter to $3.55 billion.
On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.1% in the third quarter of the last fiscal year, 8.5% in the fourth quarter of the last fiscal year and 10.3% in the first quarter before increasing again in the second quarter.
Analyst Ratings: With eight analysts rating the stock a buy, none rating it a sell and two rating the stock a hold, there are indications of a bullish stance by analysts.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.03 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term. The company improved this liquidity measure from 0.95 in the first quarter to the last quarter driven in part by an increase in current assets. Current assets increased 8.4% to $3.86 billion while liabilities rose by 0.4% to $3.76 billion.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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