Yahoo Finance Frontier Group Holdings Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Frontier Group Holdings (NASDAQ:ULCC) Second Quarter 2024 Results
Key Financial Results
Revenue: US$973.0m (flat on 2Q 2023).
Net income: US$31.0m (down 55% from 2Q 2023).
Profit margin: 3.2% (down from 7.1% in 2Q 2023).
EPS: US$0.14 (down from US$0.31 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Frontier Group Holdings EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Airlines industry in the US.
Performance of the American Airlines industry.
The company's shares are down 8.3% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Frontier Group Holdings' balance sheet and an in-depth analysis of the company's financial position.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
