Ryanair Holdings plc (NASDAQ:RYAAY) is reporting second quarter financial results on Monday 2nd November 2020, before market open.
According to analysts surveyed by Thomson Reuters, RYAAY is expected to report 2Q21 loss of $ 0.25 per share from revenue of $ 1338.93 million.
For the full year, analysts anticipate top line of $ 3211.93 million, while looking forward to loss of $ 5.09 per share bottom line.
Previous Quarter Performance
Ryanair Holdings plc recorded loss for the first quarter of $ 0.19 per share, from the revenue of $ 137.88 million. According to street consensus, RYAAY was expected to report 1Q21 loss of $ 1.21 per share from revenue of $ 113.55 million. The bottom line results beat street analysts by $ 1.02 or 84.30 percent, at the same time, top line results outshined analysts by $ 24.33 million or 21.43 percent.
Stock Performance
On Friday, shares of Ryanair Holdings plc has traded high as $ 82.28 and has cracked $ 80.05 on the downward trend, reaching $ 80.60 with volume of 257.50 thousand shares.
According to the previous trading day, closing price of $ 80.60, representing a 83.82 % increase from the 52 week low of $ 44.44 and a 15.6 % decrease over the 52 week high of $ 96.79.
The company has a market capital of $ 15.39 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 7th October 2020, maintained by Raymond James at Outperform rating, with $ 100.00 target price.
- On 4th September 2020, downgraded by Raymond James to Outperform from Strong Buy rating.
Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, and Other European countries. The company is also involved in the provision of various ancillary services, such as non-flight scheduled services and Internet-related services; in-flight sale of beverages, food, and merchandise; and marketing accommodation services, holidays, car hire, and travel insurance through its Website. In addition, it sells bus and rail tickets onboard its aircraft and through its Website, as well as gift vouchers through its Website; and markets car parking, attractions, and activities through its Website.