Zacks Research Issues Pessimistic Forecast for Azul Earnings

Azul S.A. (NYSE:AZUL - Free Report) - Research analysts at Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of Azul in a research report issued to clients and investors on Thursday, November 28th. Zacks Research analyst S. Goswami now anticipates that the company will post earnings per share of $0.08 for the quarter, down from their prior estimate 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.

Several other equities analysts have also issued reports on AZUL. Deutsche Bank Aktiengesellschaft decreased their price objective on Azul from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Barclays dropped their price target on shares of Azul from $10.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Seaport Res Ptn lowered Azul from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 10th. The Goldman Sachs Group lowered shares of Azul from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Finally, Hsbc Global Res upgraded shares of Azul to a "hold" rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $6.59.

Azul Stock Down 3.4 %

Azul stock traded down $0.08 on Monday, hitting $2.27. The company's stock had a trading volume of 1,473,095 shares, compared to its average volume of 1,954,292. The firm has a market cap of $956.97 million, a P/E ratio of -0.33 and a beta of 1.99. The company has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.81. Azul has a one year low of $2.02 and a one year high of $10.62.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Creative Planning purchased a new stake in shares of Azul during the third quarter valued at $35,000. Signaturefd LLC lifted its holdings in shares of Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company's stock worth $43,000 after buying an additional 2,812 shares during the last quarter. Ground Swell Capital LLC acquired a new stake in shares of Azul during the 3rd quarter worth approximately $44,000. Sanctuary Advisors LLC acquired a new stake in Azul during the second quarter valued at approximately $51,000. Finally, Inspire Advisors LLC lifted its holdings in Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company's stock valued at $90,000 after purchasing an additional 3,764 shares during the last quarter. Hedge funds and other institutional investors own 0.82% of the company's stock.

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.