Controladora Vuela (VLRS) reported $813 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 4.1%. EPS of $0.32 for the same period compares to -$0.33 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $795.89 million, representing a surprise of +2.15%. The company delivered an EPS surprise of +68.42%, with the consensus EPS estimate being $0.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Controladora Vuela performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Available Seat Miles (ASMs) - Total: $8.67 billion compared to the $8.68 billion average estimate based on two analysts.
- CASM ex fuel (cents): 5.39 Cents compared to the 5.45 Cents average estimate based on two analysts.
- Fuel gallons accrued: 82.17 Mgal versus the two-analyst average estimate of 82.64 Mgal.
- Revenue Passenger Miles (RPMs) - Total: $7.58 billion versus $7.56 billion estimated by two analysts on average.
- Operating expenses per ASM (CASM) (cents): 7.92 Cents versus the two-analyst average estimate of 8.02 Cents.
- Load factor - Total: 87.4% versus the two-analyst average estimate of 87.2%.
- Operating revenues- Passenger revenues- Fare: $403 million versus $383.85 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
Shares of Controladora Vuela have returned +10.2% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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