JetBlue Airways (JBLU) to Release Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is expected to be posting its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect JetBlue Airways to post earnings of ($0.42) per share and revenue of $2,237,570.00 billion for the quarter. JetBlue Airways has set its FY 2024 guidance at EPS and its Q4 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 earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the prior year, the firm earned ($0.39) earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. 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

JBLU stock opened at $8.07 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. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.31. The business has a 50 day moving average price of $7.15 and a 200 day moving average price of $6.41. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -3.20 and a beta of 1.84.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JBLU. Morgan Stanley reissued an “equal weight” rating and set a $8.00 price target on shares of JetBlue Airways in a report on Wednesday, December 11th. Citigroup raised their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Bank of America restated an “underperform” rating and issued a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Evercore ISI lifted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.69.

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.