Frontier Group (ULCC) Reports Q2 Earnings: What Key Metrics Have to Say

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Frontier Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Load Factor: 80.3% versus 81.1% estimated by four analysts on average.
• Revenue passenger miles (RPMs): 8.92 billion versus the three-analyst average estimate of 8.92 billion.
• Fuel cost per gallon: $4.17 compared to the $4.23 average estimate based on three analysts.
• Total revenue per available seat mile (RASM): 11.52 cents versus 10.91 cents estimated by three analysts on average.
• Available seat miles (ASMs): 11.1 billion versus the three-analyst average estimate of 11.04 billion.
• Adjusted CASM (excluding fuel): 7.84 cents compared to the 8.12 cents average estimate based on three analysts.
• Adjusted CASM: 11.77 cents versus the three-analyst average estimate of 12.08 cents.
• Average stage length: 897.00 Miles compared to the 892.45 Miles average estimate based on two analysts.
• Fuel gallons consumed: 104.79 million compared to the 103.73 million average estimate based on two analysts.
• Adjusted CASM + net interest: 11.74 cents versus 12.11 cents estimated by two analysts on average.
• Operating revenues- Passenger: $1.24 billion compared to the $1.2 billion average estimate based on four analysts. The reported number represents a change of +37.5% year over year.
• Operating revenues- Other: $44 million compared to the $37.87 million average estimate based on three analysts. The reported number represents a change of +41.9% year over year.

View all Key Company Metrics for Frontier Group here>>>

Shares of Frontier Group have returned -21.2% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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