Southwest Airlines Co. (NYSE: LUV) is scheduled to discuss fourth-quarter 2008 results this morning in a conference call at 11:30 AM Eastern. The call will be hosted by Gary Kelly, chairman of the board, president, and chief executive officer, and Laura Wright, senior vice president, finance, and chief financial officer. To listen in to the webcast, see Q4 2008 Southwest Airlines Financial Results Conference Call.
Analysts surveyed by Thomson Reuters expect Southwest to report a fourth-quarter profit of $0.05 per share, compared to $0.12 per share in the year-ago period. Revenues for the quarter are expected to be 6.4% higher than a year ago to $2.7 billion. Southwest earnings have topped estimates in the past five quarters, by as much as 5 cents per share.
For the full year, analysts expect a $0.37 per share profit (-39.3%) and revenue of $11.0 billion (+11.0%).
The consensus long-term EPS growth forecast is 10.0%. The share price is 30.6% lower than it was a year ago.
See BloggingStocks' Southwest Airlines coverage for more information about the Dallas-based company.
Closing Bell: Dubai sends jitters throughout the market (S, BBY)
Heinz looking good after the second quarter?
Why isn't Bank of America updating its shareholders on CEO situation?
