LATAM Airlines Group SA reports results for the quarter ended June 30 - Earnings Summary

• LATAM Airlines Group SA LTM reported quarterly breakeven results​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 73 cents per share. Wall Street expected results to range from 60 cents to 98 cents per share.

• Revenue rose 7% to $3.24 billion from a year ago; analysts expected $3.37 billion.

• The company reported quarterly net income of $241.57 million.

• LATAM Airlines Group SA shares had risen by 1.8% this quarter and gained 50.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 23.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for LATAM Airlines Group SA is $48.45, about 14.6% above its last closing price of $41.38

This summary was machine generated from LSEG data July 29 at 04:48 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)