Fourth quarter profits of $0.83 per share anticipated for Spirit Airlines Incorporated (NASDAQ:SAVE)

Wall Street analysts' projections for the December 2014, fourth quarter earnings per share for Spirit Airlines Incorporated (NASDAQ:SAVE) have been changed for the better and now range between $0.77 and $0.96 per share with a consensus of $0.83 per share.RECOMMENDATIONS

• The consensus recommendation is a buy for Spirit Airlines Incorporated (NASDAQ:SAVE).
• The recommendations made by fifteen analysts evaluating the company include seven strong buy, five buy and three hold.
• The Airlines - Regional peer group has an average consensus recommendation of a buy.

FORECAST CHANGES

• At the present time, fifteen analysts provide Thomson Reuters I/B/E/S with estimates.
• Within the past week, there were nine upward revisions to estimates and one downward revision.
• Over the last four weeks, fourteen estimates were revised up and one down.
• Within the past four weeks, the consensus earnings per share estimate has increased from $0.70 per share.
• High estimate four weeks ago was $0.84 and $0.60 was the low estimate.

YEAR OVER YEAR

• Current quarter consensus estimate of $0.83 per share implies an increase of 47.68% from the same quarter last year when the company earned $0.56 per share.
• Earnings for the peer group are projected to rise above the same quarter last year and have been revised upward over the last four weeks.