JetBlue Airways Q2 EPS Estimate Lifted by Zacks Research

JetBlue Airways Corporation (NASDAQ:JBLU) – Investment analysts at Zacks Research lifted their Q2 2027 earnings per share estimates for JetBlue Airways in a report released on Thursday, December 18th. Zacks Research analyst Team now anticipates that the transportation company will earn $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for JetBlue Airways’ FY2027 earnings at $0.05 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the business earned ($0.16) EPS. JetBlue Airways’s revenue for the quarter was down 1.8% compared to the same quarter last year.

A number of other research analysts also recently commented on JBLU. Susquehanna increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “neutral” rating in a research note on Friday, October 3rd. UBS Group upped their target price on shares of JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a research note on Friday, September 5th. Citigroup initiated coverage on JetBlue Airways in a research note on Thursday, December 4th. They issued a “sell” rating and a $4.10 price target for the company. TD Cowen boosted their price objective on JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $5.04.

JetBlue Airways Stock Down 0.6%

JBLU stock opened at $4.74 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 3.42. The firm has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $4.66. The company has a market capitalization of $1.72 billion, a P/E ratio of -3.59 and a beta of 1.76. JetBlue Airways has a twelve month low of $3.34 and a twelve month high of $8.31.

Hedge Funds Weigh In On JetBlue Airways

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd grew its holdings in shares of JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 5,049 shares during the last quarter. Bogart Wealth LLC boosted its position in JetBlue Airways by 12,727.3% during the 3rd quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 7,000 shares during the period. HUB Investment Partners LLC bought a new position in JetBlue Airways during the 2nd quarter worth $45,000. Wealth Enhancement Advisory Services LLC acquired a new stake in JetBlue Airways in the second quarter worth $47,000. Finally, Ballentine Partners LLC bought a new stake in JetBlue Airways in the second quarter valued at $48,000. Institutional investors 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.