JetBlue Airways (JBLU) Projected to Post Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, January 28th. Analysts expect the company to announce 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.Parties that wish to register for the company’s conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly 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 return on equity of 8.35% and a negative net margin of 9.17%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business earned ($0.39) EPS. The business’s quarterly revenue was up .5% on a year-over-year basis. 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 Stock Up 0.4 %

JBLU opened at $7.64 on Tuesday. JetBlue Airways has a fifty-two week low of $4.49 and a fifty-two week high of $8.28. The business has a 50-day moving average of $7.06 and a 200-day moving average of $6.36. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market capitalization of $2.65 billion, a PE ratio of -3.03 and a beta of 1.84.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. Bank of America reaffirmed an “underperform” rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. Evercore ISI raised their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a report on Friday, November 15th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price 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.