1 Wall Street Analyst Cuts Spirit Airlines' Price Target by 25%. Here's Why He's Right. [Yahoo! Finance]
Spirit Airlines, Inc. (SAVE)
Last spirit airlines, inc. earnings: 2/5 04:14 pm
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Source: Yahoo! Finance
one-time items -- only a penny worse than Wall Street analysts had predicted it would lose, but still a big loss. No sooner had this news been revealed than TD Cowen analyst Helane Becker cut her price target on Spirit stock from $4 a share to just $3. Becker maintained a "hold" rating on the stock, but seeing as her price target implies Spirit stock will lose another 10% over the next 12 months, perhaps investors would be better off just selling the stock Is Spirit Airlines stock a sell? Describing the price target cut, Becker explained that Spirit's Q1 loss was already expected. What was not expected was that management would forecast weak revenue of only about $1.3 billion in Q2 as well -- almost as bad as Q1. If this is the way things play out, it will mark Spirit's fourth straight quarter of declining revenues, and probably its 11th straight quarter of losing money as well. That's not a good look for the stock, especially when compared to the powerful profits that rivals
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- Frontier Airlines, stuck in a money-losing slump, is dumping change fees and making other moves [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Spirit Airlines, Inc. - SAVEPR Newswire
- Savannah Gankiewicz is sworn in as the new Miss USA amid resignation controversy [Los Angeles Times (CA)]Los Angeles Times
- Two new Frontier flights take off from Milwaukee Mitchell airport. They're headed to Philadelphia and Raleigh-Durham. [Yahoo! Finance]Yahoo! Finance
- Spirit Airlines Stock Just Hit a New Low: Should You Buy the Dip? [Yahoo! Finance]Yahoo! Finance
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Earnings
- 5/6/24 - Miss
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Sec Filings
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- 4/25/24 - Form ARS
- SAVE's page on the SEC website