JetBlue Airways (NASDAQ:JBLU) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

JetBlue Airways (NASDAQ:JBLU) posted its earnings results on Monday. The transportation company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by ($0.05), FiscalAI reports. The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. JetBlue Airways’s revenue was up 21.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.40) EPS.

JetBlue Airways Price Performance

NASDAQ:JBLU opened at $2.85 on Friday. JetBlue Airways has a one year low of $2.16 and a one year high of $6.62. The stock has a 50-day simple moving average of $3.98 and a 200 day simple moving average of $4.92. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 5.92.

Analyst Ratings Changes

JBLU has been the topic of a number of analyst reports. Seaport Research Partners downgraded JetBlue Airways from a “buy” rating to a “neutral” rating in a research note on Monday, August 17th. BMO Capital Markets cut their target price on shares of JetBlue Airways from $6.75 to $5.25 and set a “market perform” rating for the company in a research note on Monday, September 28th. UBS Group raised JetBlue Airways from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $4.00 to $3.50 in a research note on Monday, October 19th. Barclays decreased their price target on shares of JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, September 11th. Finally, Raymond James Financial lowered shares of JetBlue Airways from a “market perform” rating to an “underperform” rating in a report on Monday, July 6th. Nine analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $4.89.

About JetBlue Airways

JetBlue Airways Corporation is a U.S.-based passenger airline that provides scheduled air transportation to destinations across the United States, the Caribbean, Latin America and select locations in Europe. The company operates primarily from focus cities including New York, Boston, Fort Lauderdale, Orlando and Los Angeles, with a network designed to connect major metropolitan areas and leisure destinations.

JetBlue offers multiple classes and service options, including standard economy seating, extra-legroom EvenMore seats and its premium Mint service on select routes.