JetBlue Airways (NASDAQ:JBLU) Posts Earnings Results, Beats Expectations By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU - Get Free Report) issued its quarterly earnings results on Tuesday. The transportation company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned ($0.39) EPS. The firm's revenue was up .5% compared to the same quarter last year. JetBlue Airways updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

JetBlue Airways Stock Performance

Shares of NASDAQ JBLU traded down $0.39 during midday trading on Wednesday, reaching $5.68. 18,885,904 shares of the company traded hands, compared to its average volume of 15,508,019. JetBlue Airways has a 52 week low of $3.42 and a 52 week high of $8.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -2.35 and a beta of 1.92. The stock has a 50-day moving average price of $6.15 and a 200 day moving average price of $5.92.

Wall Street Analysts Forecast Growth

JBLU has been the subject of a number of analyst reports. StockNews.com upgraded JetBlue Airways to a "sell" rating in a research report on Friday, October 11th. Citigroup raised their target price on JetBlue Airways from $6.00 to $7.75 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. TD Cowen boosted their price target on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a "hold" rating in a research note on Friday, September 6th. Susquehanna raised their target price on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Finally, Evercore ISI lifted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Four research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.98.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.