Azul (AZUL) Scheduled to Post Earnings on Thursday

Azul (NYSE:AZUL) is scheduled to announce its earnings data before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Azul (NYSE:AZUL) last announced its earnings results on Monday, August 12th. The company reported ($1.23) earnings per share for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same period in the previous year, the business posted ($0.81) earnings per share. On average, analysts expect Azul to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Azul Stock Performance

Azul stock opened at $2.71 on Wednesday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -0.28 and a beta of 1.99. The company’s 50 day simple moving average is $2.94 and its 200-day simple moving average is $4.14. Azul has a 1 year low of $2.02 and a 1 year high of $11.26.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. HSBC downgraded Azul from a “buy” rating to a “hold” rating and set a $2.70 target price for the company. in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Seaport Res Ptn downgraded shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, Hsbc Global Res raised shares of Azul to a “hold” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Azul presently has a consensus rating of “Hold” and a consensus price target of $6.59.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.