Southwest Airlines (LUV) Set to Report Q4 Numbers

Last Updated: Friday, January 17, 2020 1:23 PM | Michael Fowlkes

What's Happening with LUV

Southwest Airlines (LUV) is scheduled to report its Q4 numbers before the market opens on January 23. The company is expected to post earnings of $1.11. During the same period last year the company earned $1.17 and shares are up 7% since the start of July.

Technical Analysis

LUV was recently trading at $55.18 down $3.59 from its 12-month high and $7.78 above its 12-month low. InvestorsObserver's Stock Score Report gives LUV a 51 long-term technical score and a 41 short-term technical score. The stock has recent support above $54 and recent resistance below $58. Of the 17 analysts who cover the stock 5 rate it Strong Buy, 0 rate it Buy, 11 rate it Hold, 0 rate it Sell, and 1 rates it Strong Sell, LUV gets a score of 56 from InvestorsObserver's Stock Score Report.

Analysts' Thoughts

Strong economic conditions remain favorable for travel and tourism stocks such as Southwest Airlines. LUV has had a volatile 12 months with a selloff in July on mixed numbers and a small sales miss and then rallying in October with better than expected numbers on both the top and bottom line. LUV has traded sideways over the last month and for shares to break out of the trend the company will need to deliver solid numbers on both the top and bottom line for its fourth-quarter. The street does expect a small earnings beat with a whisper number of $1.13, but the company is going to need to deliver on both the top and bottom line in order for the stock to rally post-earnings. LUV has a very attractive valuation with a forward P/E of 11.4 which should support upside in the stock following the quarterly release. Analysts are bullish on the stock with an average price target $59.69.

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