JetBlue Airways (JBLU) Projected to Post Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU - Get Free Report) is anticipated to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of ($0.42) per share and revenue of $2,237,570.00 billion for the quarter. JetBlue Airways has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Individual that are interested in participating in the company's earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.10. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted ($0.39) EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Price Performance

Shares of JetBlue Airways stock traded up $0.16 during trading on Friday, hitting $8.07. 14,034,762 shares of the company's stock traded hands, compared to its average volume of 13,848,427. JetBlue Airways has a twelve month low of $4.49 and a twelve month high of $8.31. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The company has a market cap of $2.80 billion, a PE ratio of -3.20 and a beta of 1.84. The firm's fifty day moving average price is $7.15 and its 200 day moving average price is $6.42.

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Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JBLU shares. Bank of America reissued an "underperform" rating and issued a $6.50 target price on shares of JetBlue Airways in a report on Friday, January 17th. UBS Group reissued a "sell" rating and set a $5.00 price objective on shares of JetBlue Airways in a report on Tuesday, November 26th. Barclays upped their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Thursday, November 14th. The Goldman Sachs Group reissued a "sell" rating and set a $5.50 price target on shares of JetBlue Airways in a report on Friday, November 15th. Finally, Citigroup upped their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $6.69.

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.