Zacks Research Weighs in on Azul’s Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Stock analysts at Zacks Research cut their Q4 2024 earnings estimates for Azul in a research note issued to investors on Thursday, November 28th. Zacks Research analyst S. Goswami now forecasts that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.10. The consensus estimate for Azul’s current full-year earnings is ($1.64) per share. Zacks Research also issued estimates for Azul’s Q3 2026 earnings at $0.28 EPS.

A number of other research firms also recently commented on AZUL. HSBC downgraded shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a research note on Thursday, September 5th. Barclays decreased their price target 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. Hsbc Global Res upgraded Azul to a “hold” rating in a research note on Thursday, September 5th. Seaport Res Ptn downgraded Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, The Goldman Sachs Group downgraded shares of Azul from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.59.

Azul Trading Down 10.0 %

Azul stock opened at $2.35 on Monday. Azul has a 1-year low of $2.02 and a 1-year high of $10.62. The company has a fifty day simple moving average of $2.93 and a 200 day simple moving average of $3.83. The company has a market cap of $990.69 million, a P/E ratio of -0.33 and a beta of 1.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new stake in Azul during the 3rd quarter valued at $614,000. Jane Street Group LLC raised its position in shares of Azul by 58.9% in the third quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock valued at $699,000 after purchasing an additional 75,291 shares during the period. Centiva Capital LP lifted its stake in shares of Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock worth $692,000 after buying an additional 135,365 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Azul during the 3rd quarter worth about $44,000. Finally, Inspire Advisors LLC boosted its holdings in shares of Azul by 84.0% during the 3rd quarter. Inspire Advisors LLC now owns 41,324 shares of the company’s stock worth $142,000 after buying an additional 18,861 shares during the period. 0.82% of the stock is owned by institutional investors and hedge funds.

About Azul

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.