Frontier Group (ULCC) Reports Q3 Earnings: What Key Metrics Have to Say

For the quarter ended September 2024, Frontier Group Holdings (ULCC) reported revenue of $935 million, up 5.9% over the same period last year. EPS came in at -$0.05, compared to -$0.14 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $939.91 million, representing a surprise of -0.52%. The company delivered an EPS surprise of -150.00%, with the consensus EPS estimate being -$0.02.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Frontier Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Available seat miles (ASMs): 10.08 billion versus 10.16 billion estimated by three analysts on average. Revenue passenger miles (RPMs): 7.86 billion compared to the 8.05 billion average estimate based on three analysts. Fuel cost per gallon: $2.67 versus the three-analyst average estimate of $2.64. Load factor: 78% compared to the 79.2% average estimate based on three analysts. Total revenue per ASM (RASM): 9.28 cents versus the three-analyst average estimate of 9.22 cents. Adjusted CASM (excluding fuel): 6.89 cents versus the three-analyst average estimate of 6.83 cents. Adjusted CASM: 9.48 cents versus 9.37 cents estimated by three analysts on average. Adjusted CASM + net interest: 9.39 cents compared to the 9.28 cents average estimate based on two analysts. Operating revenues- Passenger: $910 million versus the two-analyst average estimate of $914.66 million. The reported number represents a year-over-year change of +5.6%. Operating revenues- Other: $25 million versus the two-analyst average estimate of $21.23 million. The reported number represents a year-over-year change of +19.1%. View all Key Company Metrics for Frontier Group here>>>Shares of Frontier Group have returned +35.9% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Frontier Group Holdings, Inc. (ULCC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks