Zacks: Analysts Expect LATAM Airlines Group S.A. (LTM) Will Post Quarterly Sales of $2.59 Billion
Wall Street analysts predict that LATAM Airlines Group S.A. (NYSE:LTM) will announce $2.59 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for LATAM Airlines Group’s earnings. The lowest sales estimate is $2.57 billion and the highest is $2.60 billion. LATAM Airlines Group posted sales of $2.37 billion in the same quarter last year, which suggests a positive year over year growth rate of 9.3%. The business is expected to report its next earnings report on Thursday, November 9th.
On average, analysts expect that LATAM Airlines Group will report full-year sales of $2.59 billion for the current fiscal year, with estimates ranging from $9.94 billion to $10.16 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $10.50 billion per share, with estimates ranging from $10.23 billion to $10.95 billion. Zacks’ sales averages are an average based on a survey of analysts that follow LATAM Airlines Group.
A number of research analysts have recently commented on the stock. Zacks Investment Research lowered shares of LATAM Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. TheStreet lowered shares of LATAM Airlines Group from a “c-” rating to a “d+” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.67.
LATAM Airlines Group SA is a Chile-based company, which is engaged in passenger and cargo air transportation, both in the domestic markets of Chile, Peru, Argentina, Colombia, Ecuador and Brazil and in a developed series of regional and international routes in America, Europe and Oceania. These businesses are performed directly or through its subsidiaries in different countries.
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