Azul (AZUL) Set to Announce Earnings on Thursday

Azul (NYSE:AZUL - Get Free Report) is set to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Azul to post earnings of ($0.14) per share for the quarter.

Azul (NYSE:AZUL - Get Free Report) last issued its earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing analysts' consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million for the quarter, compared to the consensus estimate of $791.43 million. During the same quarter in the previous year, the business earned ($0.81) earnings per share. On average, analysts expect Azul to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Azul Stock Down 5.3 %

Shares of Azul stock traded down $0.15 during mid-day trading on Thursday, hitting $2.70. The stock had a trading volume of 492,527 shares, compared to its average volume of 1,977,095. The firm has a market cap of $1.14 billion, a P/E ratio of -0.30 and a beta of 1.99. The firm has a 50-day moving average of $2.95 and a two-hundred day moving average of $4.23. Azul has a 12-month low of $2.02 and a 12-month high of $11.26.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AZUL. Hsbc Global Res raised Azul to a "hold" rating in a research note on Thursday, September 5th. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 10th. The Goldman Sachs Group downgraded shares of Azul from a "buy" rating to a "neutral" rating and reduced their price target for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. HSBC cut shares of Azul from a "buy" rating to a "hold" rating and set a $2.70 price objective for the company. in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered Azul from an "overweight" rating to a "neutral" rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $6.59.

Azul Company Profile

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.