Zacks Research Comments on JetBlue Airways FY2024 Earnings

JetBlue Airways Co. (NASDAQ:JBLU) – Equities research analysts at Zacks Research increased their FY2024 earnings estimates for shares of JetBlue Airways in a report released on Tuesday, November 12th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of ($1.04) per share for the year, up from their prior estimate of ($1.18). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.94) per share. Zacks Research also issued estimates for JetBlue Airways’ Q4 2024 earnings at ($0.53) EPS, Q1 2025 earnings at ($0.36) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.60) EPS, Q1 2026 earnings at $0.02 EPS and Q3 2026 earnings at $0.07 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. JetBlue Airways’s quarterly revenue was up .5% on a year-over-year basis.

JBLU has been the topic of a number of other reports. Evercore ISI increased their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reissued a “sell” rating and set a $5.50 price objective on shares of JetBlue Airways in a research report on Friday. TD Cowen raised their price objective on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research note on Thursday, November 7th. Finally, Barclays raised their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Stock Performance

Shares of JBLU opened at $7.06 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt-to-equity ratio of 2.98. The stock has a market cap of $2.45 billion, a P/E ratio of -2.81 and a beta of 1.92. The business’s 50 day moving average price is $6.44 and its 200-day moving average price is $5.90. JetBlue Airways has a 52 week low of $4.09 and a 52 week high of $8.07.

Institutional Investors Weigh In On JetBlue Airways

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock valued at $277,336,000 after buying an additional 317,263 shares during the period. Dimensional Fund Advisors LP lifted its holdings in JetBlue Airways by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after acquiring an additional 521,767 shares during the period. Donald Smith & CO. Inc. boosted its position in JetBlue Airways by 6.5% in the first quarter. Donald Smith & CO. Inc. now owns 13,256,094 shares of the transportation company’s stock worth $98,360,000 after purchasing an additional 805,404 shares during the last quarter. American Century Companies Inc. grew its stake in shares of JetBlue Airways by 16.4% during the 2nd quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock valued at $48,970,000 after purchasing an additional 1,135,217 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of JetBlue Airways by 13.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,661,742 shares of the transportation company’s stock valued at $37,141,000 after purchasing an additional 663,865 shares during the last quarter. Institutional investors own 83.71% of the company’s stock.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.