Mesa Air Group, Inc. (NASDAQ:MESA) is expected to report fourth quarter earnings results, after market close, on Wednesday 9th December 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter loss of $ 0.02 per share.
Looking ahead, the full year income are expected at $ 0.68 per share on the revenues of $ 529.97 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.50 ~ $ 1.80 per share
Click Here For More Historical Outlooks Of Mesa Air Group, Inc.
Previous Quarter Performance
Mesa Air Group, Inc. revealed income for the third quarter of $ 0.10 per share, from the revenue of $ 73.10 million. The quarterly earnings contracted 66.67 percent while revenues down 59.44 percent compared with the same quarter last year.
According to street consensus, MESA was expected to report 3Q20 loss of $ 0.26 per share from revenue of $ 80.21 million. The bottom line results beat street analysts by $ 0.36 or 138.46 percent, at the same time, top line results fell short of analysts by $ 7.11 million or 8.86 percent.
Stock Performance
Shares of Mesa Air Group, Inc. traded low $ -0.08 or -1.04 percent on Tuesday, reaching $ 7.63 with volume of 1.60 million shares. Mesa Air Group, Inc. has traded high as $ 7.72 and has cracked $ 7.22 on the downward trend
According to the previous trading day, closing price of $ 7.63, representing a 276.10 % increase from the 52 week low of $ 2.05 and a 20.1 % decrease over the 52 week high of $ 9.65.
The company has a market capital of $ 253.57 million and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 30th November 2020, maintained by Raymond James at Outperform rating, with $ 10.00 target price.
Conference Call
Mesa Air Group, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th December 2020, to discuss its 4Q20 financial results with the investment community. The participants may dial, 888-469-2054, and the passcode is PHOENIX in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.mesa-air.com
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc., which provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2018, it operated a fleet of 145 aircraft with approximately 730 daily departures to 110 cities in the United States, Canada, Mexico, Cuba, and the Bahamas.
