JetBlue Airways (JBLU) Set to Announce Quarterly Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of ($0.26) per share for the quarter. JetBlue Airways has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the business posted $0.45 EPS. JetBlue Airways’s quarterly revenue was down 8.0% on a year-over-year basis. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Price Performance

Shares of JBLU stock opened at $7.18 on Friday. JetBlue Airways has a twelve month low of $3.42 and a twelve month high of $8.07. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.86. The stock has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $5.93. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of -2.56 and a beta of 1.92.

Analyst Upgrades and Downgrades

JBLU has been the subject of a number of research reports. Susquehanna upped their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Citigroup increased 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, October 22nd. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. StockNews.com raised JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Finally, TD Cowen boosted their price target on JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.98.

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.