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.
About LATAM Airlines Group
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for LATAM Airlines Group S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LATAM Airlines Group S.A. and related companies with MarketBeat.com's FREE daily email newsletter.