Earnings from Controladora Vuela Compania de Aviacion S.A.B. de C.V. [VLRS] are scheduled on April 22, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.
VLRS Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$0.52 per share on revenue of $287.09M. Taking a look at the future, the company is projected to report revenue of $371.35M at an earnings per share of -$0.19 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 25.70% in revenue and 300.00% in earnings per share for the company.
VLRS Stock Earnings Forecast For The Current Year
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For the full financial year, Controladora Vuela Compania de Aviacion S.A.B. de C.V. [NYSE:VLRS] is forecasted to generate revenue of $1.54B. The figure is about $430.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.4 in 2021, which is $1.71 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 81.00% this year, 280.00% next year, and -22.60% annually over the next five years. With regard to sales, forecasts suggest an incline of 38.50% in current fiscal year and 25.70% over following year.
VLRS Stock Price Performance
At a recent check today, Controladora Vuela Compania de Aviacion S.A.B. de C.V. [NYSE:VLRS] finished up 1.77% at $15.23. The stock’s day high price was $15.04, and its lowest was $14.38. Its price fall -2.67% in the last five days. Since the beginning of the year, Controladora Vuela Compania de Aviacion S.A.B. de C.V.’s shares are up nearly 20.53%. However, the share price is -9.21% below its one year high. The top price reached by the shares of the company was $16.78 on 03/11/21, while the 52-week low came on 01/28/21, when the shares were $10.62. In the past year, shares of the company have risen 297.08%. At 50 days, the moving average achieved is $14.95 while at 200 days, the moving average is $10.43. There were 90808.0 shares traded in the last session, down from 0.48 million in the previous session.
Controladora Vuela Compania de Aviacion S.A.B. de C.V. [NYSE:VLRS] Stock Valuation Metrics
Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.47 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.12 for the industry, which means VLRS offers an unattractive investment opportunity than its competitors do.
VLRS Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 15.27 level, and the violation of this level will cause a further drop to 14.55 level. At the upper end, 15.87 remains a key resistance. As the stock increases, it may find resistance at 15.46. In the 14-day chart, the Relative Strength Index standing at 52.53 suggests a technical neutral stance while the MACD standing at -0.42 indicates price will decrease in the next trading period. Stochastic %K at 33.87% suggests holding the stock while Percent R indicator at 51.45% suggests low price movement.
How much is the short interest in Controladora Vuela Compania de Aviacion S.A.B. de C.V.?
There have been a drop in short interest in the Controladora Vuela Compania de Aviacion S.A.B. de C.V. Financial stock, with short interest up by 0.18 million shares to 0.63 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.81 million shares. This -28.25% decrease suggests some bullish sentiment was experienced by the stock.
How do analysts view Controladora Vuela Compania de Aviacion S.A.B. de C.V.?
In regard to the share price forecast for Controladora Vuela Compania de Aviacion S.A.B. de C.V. stock, the analysts, as surveyed by FactSet, forecast the price to reach $346.56 in the next twelve months, representing almost an 95.61% growth from its recent price of $15.23. Among Controladora Vuela Compania de Aviacion S.A.B. de C.V. stock projections, $405.25 is the highest analyst target for the stock, while $220.00 is the lowest. Despite this, 14 analysts who share their consensus rating for VLRS in 2021 agree that the stock is a Buy. The latest rating change took place on 1/28/21, when Deutsche Bank Ratings downgraded the stock from “Buy” to “Hold.”