International Consolidated Airlines Group SA (ICAGY) saw a notable increase in its stock price, rising 6.8% to close at $9.82 in the latest trading session, reversing a 22.7% loss over the past month. This surge was accompanied by high trading volume, indicating strong investor interest. The airline has reported a 28.2% gain over the past year, attributed to increased margins and successful operational strategies.
In its upcoming quarterly report, ICAGY is expected to announce earnings of $0.05 per share, unchanged from the previous year, with revenues projected at $8.38 billion, representing a 13.1% increase year-over-year. The company’s earnings surprise history has been impressive, consistently exceeding Zacks Consensus Estimates, with an average beat of over 265% in the last four quarters.
SkyWest, another airline in the sector, also saw gains, closing up 3.8% at $91.19. Its EPS estimate for the next report stands at $2.19, a 9.5% decrease from the year-ago quarter. Both companies currently hold a Zacks Rank of #3 (Hold).
