Zacks Research Forecasts Higher Earnings for JetBlue Airways

JetBlue Airways Co. (NASDAQ:JBLU) – Equities research analysts at Zacks Research lifted their Q3 2024 EPS estimates for JetBlue Airways in a research note issued to investors on Monday, October 21st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of ($0.37) per share 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 earnings results on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis.

A number of other research analysts have also issued reports on the stock. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $3.00 to $6.00 in a research note on Monday, September 9th. TD Cowen lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “hold” rating in a research report on Friday, September 6th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. 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 research note on Thursday, October 3rd. Finally, Susquehanna increased their target price on 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 issued a buy rating to the company. Based on data from MarketBeat, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $5.98.

JetBlue Airways Stock Down 2.6 %

JetBlue Airways stock opened at $7.18 on Wednesday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.50 and a current ratio of 0.54. The company has a market capitalization of $2.44 billion, a P/E ratio of -2.91 and a beta of 1.92. The stock has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $5.93. JetBlue Airways has a fifty-two week low of $3.42 and a fifty-two week high of $8.07.

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Allspring Global Investments Holdings LLC acquired a new stake in JetBlue Airways in the 1st quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 2,377 shares during the period. Bogart Wealth LLC increased its position in shares of JetBlue Airways by 1,951.2% in the third 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 during the period. Trust Co. of Vermont acquired a new position in JetBlue Airways in the second quarter valued at about $27,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in JetBlue Airways during the second quarter worth about $34,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.