Frontier Group Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Frontier Group Holdings Inc ULCC.OQ reported a quarterly adjusted loss of 31 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of twelve analysts for the quarter was for a loss of 27 cents per share. Wall Street expected results to range from -31 cents to -23 cents per share.

• Revenue fell 4.5% to $929.00 million from a year ago; analysts expected $946.12 million.

• Frontier Group Holdings Inc's reported EPS for the quarter was a loss of 31 cents​.

• The company reported a quarterly loss of $70 million.

• Frontier Group Holdings Inc shares had risen by 12.7% this quarter and lost 42.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 322.7% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the airlines peer group is "buy."

• Wall Street's median 12-month price target for Frontier Group Holdings Inc is $4.00, about 2.2% below its last closing price of $4.09

This summary was machine generated from LSEG data August 5 at 01:32 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)