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Earnings preview: Southwest Airlines to report Q1 in the red?

After American Airlines parent AMR Corp. (NYSE: AMR) reported surprising first-quarter results today, eyes turn next to rival Southwest Airlines Co. (NYSE: LUV), which is scheduled to discuss its first-quarter results tomorrow, April 16, in a conference call at 11:30 AM ET with CEO Gary Kelly and CFO Laura Wright. You can catch the live webcast of the call on the company's website.

For the quarter that saw Southwest declare its 130th consecutive quarterly dividend and named by Fortune magazine as one of the most admired companies in the world, analysts polled by Thomson Reuters expect the Dallas-based airline to report a loss of $0.01 per share, compared to a profit of $0.06 cents per share in the same period of the previous year. Revenue for the quarter is expected to total $2.4 billion, 5.1% lower than a year ago. Southwest's earnings have beat estimates in the past five quarters, by as much as a nickel a share.

Continue reading Earnings preview: Southwest Airlines to report Q1 in the red?

Before the call: Southwest Airlines expected to post lower Q4 earnings

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.

Visit AOL Money & Finance for more earnings coverage.

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Last updated: November 25, 2009: 07:42 PM

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