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
€34.94
-0.520%
With 9 Buy predictions and 8 Sell predictions the community is currently undecided on Southwest Airlines Co..
On the other hand, the target price of 33 € is below the current price of 34.94 € for Southwest Airlines Co., so the potential is actually -5.55%.
