FY2024 EPS Estimate for JetBlue Airways Boosted by Analyst

JetBlue Airways Co. (NASDAQ:JBLU) – Research analysts at Zacks Research lifted their FY2024 earnings per share estimates for shares of JetBlue Airways in a note issued to investors on Tuesday, November 12th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of ($1.04) 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.

A number of other equities analysts have also recently issued reports on JBLU. Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $3.00 to $6.00 in a report on Monday, September 9th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. TD Cowen lifted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research note on Friday, September 6th. Barclays upped their price objective on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Susquehanna lifted their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, JetBlue Airways currently has an average rating of “Hold” and a consensus target price of $6.43.

JetBlue Airways Stock Down 0.7 %

Shares of NASDAQ:JBLU opened at $7.06 on Friday. The firm has a fifty day moving average of $6.44 and a 200 day moving average of $5.90. JetBlue Airways has a 52-week low of $4.09 and a 52-week high of $8.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a market capitalization of $2.45 billion, a PE ratio of -2.81 and a beta of 1.92.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of JetBlue Airways in the 1st quarter worth approximately $25,000. Trust Co. of Vermont purchased a new position in JetBlue Airways during the 2nd quarter valued at $27,000. Bogart Wealth LLC raised its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of JetBlue Airways in the 3rd quarter worth about $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $34,000. Hedge funds and other institutional investors 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.