Southwest Airlines 2Q Earnings Pregame Scorecard

Having topped analysts' estimates last quarter by 3 cents per share, Southwest Airlines (NYSE:LUV) is expected to deliver its latest earnings on Thursday, July 19, 2012.

Expectations

Analysts currently expect Southwest Airlines to come in with earnings of 32 cents per share on revenues of $4.58 billion. Analysts gave estimates ranging from 26 cents per share to 36 cents per share. Over the past two months, the average estimate has moved up from 27 cents.

Last Quarter's Results

In the first quarter, profit rose 1860% to $98 million (13 cents a share) from $5 million (one cent a share) the year earlier, exceeding analyst expectations. Revenue rose 28.6% to $3.99 billion from $3.1 billion.

Stock Ratings

Analysts are bullish on the stock as eight analysts rate it as a buy and there are no sell ratings. Wall Street has warmed to the stock over the past three months, with the average analyst estimate increasing to Moderate buy from Hold.

Stock Movement

Recently, the stock price has been rising Since June 25, 2012 business days the stock has risen 68 cents per share. Looking at change over the last three months, from April 18, 2012 and July 13, 2012, the stock price is up $1.55 (19.6%), from $7.89 to $9.44.

Company Fundamental Trends The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 31.5% over the last four quarters.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 19, 2012 before market open

EPS: 32 cents

Revenue Estimate: $4.58 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)