- EasyJet’s headline profit before tax was £665 million, surpassing the estimated £652.9 million.
- Passenger revenue slightly missed expectations at £6.07 billion compared to an estimated £6.09 billion.
- Ancillary revenue was close to estimates, reaching £2.59 billion against an anticipated £2.6 billion.
- Passenger numbers were higher than expected at 93.4 million, against an estimation of 93.06 million.
- Revenue per seat was below forecasts, recorded at £83.33, with expectations set at £84.85.
- The load factor was 89.8%, slightly below the estimate of 90.1%.
- EasyJet’s capacity stood at 104.0 million seats, exceeding the estimated 103.62 million.
- The dividend per share announced was 13.2 pence.
- EasyJet aims for a new, upgraded target of £450 million profit before tax by fiscal year 2030.
- Market analysts’ recommendations comprise 14 buys, 7 holds, and 1 sell.
A look at easyJet PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
easyJet PLC, a low-cost passenger airline with operations across the UK and Europe, has received positive Smart Scores across various factors. With a high Growth score of 5, the company is projected to experience significant expansion opportunities in the long term. Additionally, easyJet scores well in Resilience and Momentum, with scores of 4 each, indicating a solid ability to withstand challenges and maintain a positive trajectory in the market.
Furthermore, easyJet also receives moderate scores of 3 in both Value and Dividend categories. This suggests that the company offers fair value for investors and may provide a steady dividend to shareholders. Overall, based on the Smart Scores, easyJet PLC appears well-positioned for future growth and performance in the airline industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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