JetBlue Airways FY2024 EPS Forecast Raised by Zacks Research

JetBlue Airways Co. (NASDAQ:JBLU - Free Report) - Equities researchers at Zacks Research upped their FY2024 earnings per share estimates for shares of JetBlue Airways in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst M. Basu now anticipates that the transportation company will post earnings per share of ($1.04) for the year, up from their previous estimate 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.

Other research analysts have also recently issued reports about the company. Bank of America raised JetBlue Airways from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $3.00 to $6.00 in a research note on Monday, September 9th. Susquehanna boosted their target price on JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. Evercore ISI boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. TD Cowen boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a "hold" rating in a research note on Friday, September 6th. Finally, StockNews.com upgraded JetBlue Airways to a "sell" rating in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $6.43.

JetBlue Airways Trading Down 0.7 %

NASDAQ:JBLU traded down $0.05 on Friday, reaching $7.06. The company's stock had a trading volume of 10,405,691 shares, compared to its average volume of 15,749,121. JetBlue Airways has a 1-year low of $4.09 and a 1-year high of $8.07. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. The firm has a market cap of $2.45 billion, a PE ratio of -2.81 and a beta of 1.92. The business's 50-day moving average price is $6.44 and its two-hundred day moving average price is $5.90.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The transportation company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.26) by $0.10. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same period in the previous year, the firm earned ($0.39) earnings per share. The firm's quarterly revenue was up .5% compared to the same quarter last year.

Institutional Trading of JetBlue Airways

Several institutional investors and hedge funds have recently bought and sold shares of the business. Y Intercept Hong Kong Ltd bought a new position in shares of JetBlue Airways during the third quarter worth approximately $1,973,000. XTX Topco Ltd increased its stake in shares of JetBlue Airways by 186.4% during the third quarter. XTX Topco Ltd now owns 106,910 shares of the transportation company's stock worth $701,000 after purchasing an additional 69,584 shares during the period. Weiss Asset Management LP bought a new position in shares of JetBlue Airways during the third quarter worth approximately $1,761,000. Stifel Financial Corp increased its stake in shares of JetBlue Airways by 21.4% during the third quarter. Stifel Financial Corp now owns 525,024 shares of the transportation company's stock worth $3,444,000 after purchasing an additional 92,468 shares during the period. Finally, Quadrature Capital Ltd bought a new position in JetBlue Airways during the 3rd quarter worth $1,440,000. Institutional investors own 83.71% of the company's stock.

About JetBlue Airways

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.