Move decomposition
Earnings contribution and valuation offset
The market move is separated into the change in trailing earnings power and the offset from relative valuation.
US Equity · NYSE · Earnings Dossier
LUV earnings intelligence
Southwest Airlines CompanyIndustrials · Airlines · USD reporting basis
Current earnings profile
Mixed earnings transmission
Delivery and market response do not currently form a persistent directional pattern.
Evidence100/100 · Deep
Next scheduled catalyst
Wednesday 21 October 2026
Time unconfirmed · Fiscal period ending 30 Sep 2026
48event risk
Elevated
Countdown70 dayscalendar proximity
EPS estimate0.74 USDprovider consensus
Estimate growth+572.7%versus comparable year-ago actual
Historical movement6.1%average absolute next weekly close
Three-year earnings transmission
Delivered earnings power versus market price
Earnings power is leading market price; the spread is widening and has persisted through 2 updates. Both series begin at 100, so the gap isolates the relative change in price and trailing earnings power.
Market move56.2%2023-08-18 to 2026-08-07
Earnings move121.3%trailing diluted EPS
Unresolved spread65.1 ptsWidening
Current multiple22.6xprice divided by TTM EPS
Relationship pressure56/100Moderate
Model confidence100/100High
Relationship controls
What qualifies the headline spread
Business quality supportive
Cash generation and operating evidence are broadly supportive.
Fresh improvement awaiting confirmation
Earnings improved at the latest reported update, but market price remains below its pre-update level.
Beat rate66.7%8 beats in 12 measured quarters
Average surprise+79.6%median 17.7%
Delivery streak11 consecutive beats
Average response-2.6%12 measured reactions
Result-price confirmation60%same directional sign
Surprise variability123.4 ptspopulation dispersion
Estimate delivery
Actual EPS versus consensus
Actual and estimated EPS are displayed in reported currency on the same quarterly basis.
Price acceptance
Surprise and next weekly close
The response uses the first completed weekly close after the public report against the prior completed weekly close.
Fundamental delivery
Quarterly revenue and net income
Reported financial statements provide scale and earnings quality context around the headline EPS result.
Transmission matrix
Does price confirm delivery?
Upper right and lower left observations confirm the sign of delivery. The other quadrants expose expectation or resilience effects.
Current business context
Growth, quality and valuation
EPS growth113.5%year on year
Revenue growth9.5%year on year
Average surprise15.6%latest four quarters
SUE0.50standardised surprise
Net margin2.8%trailing basis
Cash conversion6.39xcash flow / net income
P/E27.5xcurrent snapshot
Data completeness100%alphavantage
Market context
Positioning into the event
Weekly close47.05 USDcompleted week
13-week return14.4%price momentum
Fair-value gap45.4%price versus current fair value
Relative strength5.3exchange benchmark
Trend signalActiveweekly architecture
Next-week stateUndecided50.3%
Market context describes the setup surrounding the report. It does not convert the earnings event into a directional forecast.
Reported evidence ledger
Quarter-by-quarter delivery and acceptance
Each row preserves the reported estimate, public date, statement context and conservative weekly reaction measurement.
Reported / periodEPS actual / estimateSurpriseEPS growthRevenue / growthNext close / four weeksRead
Reported / period22 Jul 202630 Jun 2026 · exact
EPS actual / estimate0.94 / 0.52USD
Surprise+80.8%Beat
EPS growth+118.6%year on year
Revenue / growth8433000000+16.4% · USD
Next close / four weeks-6.2% / -completed weekly closes
ReadDivergedresult versus price sign
Reported / period22 Apr 202631 Mar 2026 · exact
EPS actual / estimate0.45 / 0.47USD
Surprise-4.3%Miss
EPS growth+446.2%year on year
Revenue / growth7249000000+12.8% · USD
Next close / four weeks-7.6% / -9.8%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period28 Jan 202631 Dec 2025 · exact
EPS actual / estimate0.58 / 0.57USD
Surprise+1.8%Beat
EPS growth+3.6%year on year
Revenue / growth7442000000+7.4% · USD
Next close / four weeks+13.3% / +24.2%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period22 Oct 202530 Sep 2025 · exact
EPS actual / estimate0.11 / -0.04USD
Surprise+375.0%Beat
EPS growth-26.7%year on year
Revenue / growth6949000000+1.1% · USD
Next close / four weeks-3.9% / -2.1%completed weekly closes
ReadDivergedresult versus price sign
Reported / period23 Jul 202530 Jun 2025 · exact
EPS actual / estimate0.43 / 0.51USD
Surprise-15.7%Miss
EPS growth-25.9%year on year
Revenue / growth7244000000-1.5% · USD
Next close / four weeks-9.0% / -13.7%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period23 Apr 202531 Mar 2025 · exact
EPS actual / estimate-0.13 / -0.19USD
Surprise+31.6%Beat
EPS growth+63.9%year on year
Revenue / growth6428000000+1.6% · USD
Next close / four weeks+7.1% / +32.1%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period30 Jan 202531 Dec 2024 · exact
EPS actual / estimate0.56 / 0.46USD
Surprise+21.7%Beat
EPS growth+51.4%year on year
Revenue / growth6930000000+1.6% · USD
Next close / four weeks-4.5% / -7.3%completed weekly closes
ReadDivergedresult versus price sign
Reported / period24 Oct 202430 Sep 2024 · exact
EPS actual / estimate0.15 / 0.04USD
Surprise+275.0%Beat
EPS growth-60.5%year on year
Revenue / growth6870000000+5.3% · USD
Next close / four weeks-5.0% / +5.2%completed weekly closes
ReadDivergedresult versus price sign
Reported / period25 Jul 202430 Jun 2024 · exact
EPS actual / estimate0.58 / 0.51USD
Surprise+13.7%Beat
EPS growth-year on year
Revenue / growth7354000000- · USD
Next close / four weeks+0.2% / -3.1%completed weekly closes
ReadContainedresult versus price sign
Reported / period25 Apr 202431 Mar 2024 · exact
EPS actual / estimate-0.36 / -0.34USD
Surprise-5.9%Miss
EPS growth-year on year
Revenue / growth6329000000- · USD
Next close / four weeks-8.0% / -5.2%completed weekly closes
ReadConfirmedresult versus price sign
Reported / period25 Jan 202431 Dec 2023 · exact
EPS actual / estimate0.37 / 0.13USD
Surprise+184.6%Beat
EPS growth-year on year
Revenue / growth6823000000- · USD
Next close / four weeks+0.3% / +13.1%completed weekly closes
ReadContainedresult versus price sign
Reported / period26 Oct 202330 Sep 2023 · exact
EPS actual / estimate0.38 / 0.39USD
Surprise-2.6%Miss
EPS growth-year on year
Revenue / growth6525000000- · USD
Next close / four weeks-7.7% / +2.5%completed weekly closes
ReadConfirmedresult versus price sign
Reproducible method
How the earnings dossier is measured
Reported diluted EPS is compared with the stored estimate for the same fiscal period. Moves within ±0.5% are classified as in-line.
The first completed weekly close after the public date is compared with the prior completed weekly close. Four-week response uses the first close at least 21 days later.
Risk combines proximity, average absolute price movement, surprise variability, estimate availability and timing certainty. It does not score direction.
Exact public dates are used when stored. Missing estimates, timing and statement fields remain missing. No result or reaction is filled from a future observation.
Independent market research for education. Not investment advice, a recommendation, forecast, target or execution instruction.