Brokers Set Expectations for JetBlue Airways Q3 Earnings

JetBlue Airways Co. (NASDAQ:JBLU) – Investment analysts at Zacks Research increased their Q3 2024 earnings per share (EPS) estimates for JetBlue Airways in a note issued to investors on Monday, October 21st. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of ($0.37) for the quarter, up from their prior estimate of ($0.38). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.91) per share. Zacks Research also issued estimates for JetBlue Airways’ Q1 2025 earnings at ($0.33) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.53) EPS and Q3 2026 earnings at $0.08 EPS.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.26. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company’s revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Susquehanna raised their price target on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Citigroup upped their price objective on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a research note on Tuesday. Evercore ISI boosted their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Bank of America raised JetBlue Airways from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.98.

JetBlue Airways Stock Down 2.6 %

Shares of NASDAQ:JBLU opened at $7.18 on Wednesday. The firm has a market cap of $2.44 billion, a P/E ratio of -2.91 and a beta of 1.92. JetBlue Airways has a 12-month low of $3.42 and a 12-month high of $8.07. The business has a fifty day simple moving average of $5.98 and a 200 day simple moving average of $5.93. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86.

Institutional Trading of JetBlue Airways

Several hedge funds have recently bought and sold shares of JBLU. Vanguard Group Inc. grew its holdings in shares of JetBlue Airways by 0.9% during the first 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 last quarter. Dimensional Fund Advisors LP boosted its stake in JetBlue Airways by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 17,878,115 shares of the transportation company’s stock valued at $108,875,000 after purchasing an additional 521,767 shares during the last quarter. Donald Smith & CO. Inc. increased its holdings in JetBlue Airways by 6.5% during the 1st 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 in the last quarter. American Century Companies Inc. raised its stake in shares of JetBlue Airways by 16.4% in the second quarter. American Century Companies Inc. now owns 8,041,025 shares of the transportation company’s stock worth $48,970,000 after purchasing an additional 1,135,217 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of JetBlue Airways by 715.3% in the second quarter. Point72 Asset Management L.P. now owns 1,630,622 shares of the transportation company’s stock valued at $9,930,000 after purchasing an additional 1,430,622 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

About JetBlue Airways

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.