Why Southwest Airlines Stock Tumbled Today
Southwest Airlines (NYSE: LUV) stock crashed 11.9% through 11:30 a.m. ET Thursday after missing analyst targets for both sales and earnings last night.
Heading into the Q2 report, Wall Street expected the airline to report at least $0.51 per share in adjusted profit on quarterly sales of $7.29 billion. Southwest said earnings were actually only $0.43, however, and sales were only $7.24 billion.
Image source: Southwest Airlines.
Source Fool.com
Southwest Airlines Co. Stock
€25.37
-0.430%
Based on 7 Buy predictions and 9 Sell predictions the sentiment towards Southwest Airlines Co. is rather balanced.
However, we have a potential of 6.42% for Southwest Airlines Co. as the target price of 27 € is above the current price of 25.37 €.
