Zacks Research Boosts Earnings Estimates for JetBlue Airways

JetBlue Airways Co. (NASDAQ:JBLU) – Equities researchers at Zacks Research upped their FY2024 EPS estimates for shares of JetBlue Airways in a research note issued on Tuesday, November 12th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings of ($1.04) per share for the year, up from their previous forecast of ($1.18). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.94) per share. Zacks Research also issued estimates for JetBlue Airways’ Q4 2024 earnings at ($0.53) EPS, Q1 2025 earnings at ($0.36) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.60) EPS, Q1 2026 earnings at $0.02 EPS and Q3 2026 earnings at $0.07 EPS.

JetBlue Airways (NASDAQ:JBLU) last issued its earnings results on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.39) earnings per share.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group reiterated a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research note on Friday. Evercore ISI raised their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. StockNews.com upgraded JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Citigroup raised their price target on JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Four investment 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. According to MarketBeat, JetBlue Airways has an average rating of “Hold” and an average target price of $6.43.

JetBlue Airways Price Performance

Shares of NASDAQ JBLU opened at $7.06 on Friday. The stock has a market cap of $2.45 billion, a P/E ratio of -2.80 and a beta of 1.92. The stock has a 50 day moving average of $6.47 and a two-hundred day moving average of $5.91. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98. JetBlue Airways has a twelve month low of $4.09 and a twelve month high of $8.07.

Hedge Funds Weigh In On JetBlue Airways

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways in the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in JetBlue Airways during the second quarter worth approximately $27,000. Bogart Wealth LLC raised its holdings in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 4,000 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of JetBlue Airways during the 3rd quarter worth $28,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of JetBlue Airways during the second quarter worth $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.