Controladora Vuela Compania de Aviacion SAB de CV reports results for the quarter ended March 31 - Earnings Summary

• Controladora Vuela Compania de Aviacion SAB de CV VLRS.N reported a quarterly adjusted loss of 45 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of eight analysts for the quarter was for a loss of 32 cents per share. Wall Street expected results to range from -58 cents to -5 cents per share.

• Revenue fell 11.7% to $678.00 million from a year ago; analysts expected $707.37 million.

• Controladora Vuela Compania de Aviacion SAB de CV's reported EPS for the quarter was a loss of 45 cents​.

• The company reported a quarterly loss of $51 million.

• Controladora Vuela Compania de Aviacion SAB de CV shares had fallen by 10.3% this quarter and lost 37.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 116.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Controladora Vuela Compania de Aviacion SAB de CV is $10.40

This summary was machine generated from LSEG data April 28 at 04:52 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)