$VLRS EPS Forecast Takes Off On Crazy Growth Numbe
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Controladora Vuela Compania de Aviacion (VLRS) also known as Volaris, provides air transportation services for passengers, cargo, and mail in Mexico and internationally. It also offers charter flight services.
The EPS quarterly earnings growth (yoy) is an awesome +850%! But what I really like is the crazy upward revisions to the EPS forecast over the last few weeks. The EPS forecast is blasting higher! Just 90 days ago, the EPS forecast was $0.12. Just a few days ago it was raised to $0.20. Wow!
Total capacity for the month of April 2015 increased by 9.5% year over year, and total passengers were 933 thousand, an increase of 18.0% year over year.
On May 5, 2015, Volaris announced a new international service from Cancun, Quintana Roo to the city of San Juan in Puerto Rico, starting July 2nd with two flights per week.
The RSI has a history of bouncing off the 49 level, and the MACD histogram bars are starting to rise. The stock chart below looks beautiful:
Source: Controladora Vuela Compania de Aviacion Blast Off