Southwest Airlines Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Southwest Airlines Co. LUV will release its financial results for the second quarter, before the opening bell on Thursday, July 25.

Analysts expect the Dallas, Texas-based company to report quarterly earnings at 51 cents per share, up from $1.09 per share in the year-ago period. Southwest Airlines is expected to post revenue of $7.32 billion, compared to $7.04 billion a year earlier, according to data from Benzinga Pro.

In June, a Southwest Airlines flight took off from a closed runway, prompting investigations from U.S. safety officials.

Southwest Airlines shares fell 2.1% to close at $26.61 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Deutsche Bank analyst Michael Linenberg maintained a Buy rating and cut the price target from $37 to $32 on July 8. This analyst has an accuracy rate of 75%.
• Citigroup analyst Stephen Trent maintained a Neutral rating and increased the price target from $27.5 to $29 on June 17. This analyst has an accuracy rate of 67%.
• Argus Research analyst John Staszak downgraded the stock from Buy to Hold on May 28. This analyst has an accuracy rate of 67%.
• Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and cut the price target from $27 to $25 on April 30. This analyst has an accuracy rate of 73%.
• Jefferies analyst Sheila Kahyaoglu downgraded the stock from Hold to Underperform and slashed the price target from $28 to $20 on April 29. This analyst has an accuracy rate of 70%.

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