Azul (AZUL) Scheduled to Post Quarterly Earnings on Thursday

Azul (NYSE:AZUL) is scheduled to issue its quarterly 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.

Azul (NYSE:AZUL) last released its earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The firm had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same period in the prior year, the business earned ($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

NYSE AZUL opened at $2.85 on Thursday. The stock has a fifty day moving average of $2.95 and a 200-day moving average of $4.23. The stock has a market capitalization of $1.20 billion, a P/E ratio of -0.30 and a beta of 1.99. Azul has a 52 week low of $2.02 and a 52 week high of $11.26.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays lowered their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $6.70 to $4.00 in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut Azul from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 10th. Finally, Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.