JetBlue Airways Q3 EPS Forecast Lifted by Zacks Research

JetBlue Airways Co. (NASDAQ:JBLU - Free Report) - Stock analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for JetBlue Airways in a report released on Wednesday, April 2nd. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $0.10 per share for the quarter, up from their prior forecast of $0.09. The consensus estimate for JetBlue Airways' current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for JetBlue Airways' Q3 2026 earnings at $0.10 EPS, Q1 2027 earnings at $0.12 EPS, FY2027 earnings at $0.69 EPS and FY2027 earnings at $0.69 EPS.

Other equities research analysts also recently issued research reports about the company. Seaport Res Ptn downgraded JetBlue Airways from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Barclays lowered their price target on JetBlue Airways from $7.00 to $4.00 and set an "underweight" rating for the company in a report on Tuesday. Bank of America decreased their target price on shares of JetBlue Airways from $5.25 to $4.25 and set an "underperform" rating on the stock in a research report on Thursday, April 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $8.00 price target on shares of JetBlue Airways in a research report on Wednesday, December 11th. Finally, UBS Group cut their price target on shares of JetBlue Airways from $5.00 to $3.00 and set a "sell" rating on the stock in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.45.

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JetBlue Airways Trading Up 9.4 %

Shares of JBLU traded up $0.34 on Friday, hitting $3.94. 22,528,248 shares of the stock traded hands, compared to its average volume of 18,033,915. The stock's 50 day moving average is $5.89 and its two-hundred day moving average is $6.56. The company has a quick ratio of 1.18, a current ratio of 1.10 and a debt-to-equity ratio of 3.08. The firm has a market capitalization of $1.40 billion, a P/E ratio of -1.64 and a beta of 1.69. JetBlue Airways has a 1 year low of $3.48 and a 1 year high of $8.31.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its earnings results on Tuesday, January 28th. The transportation company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.21. JetBlue Airways had a negative net margin of 8.57% and a negative return on equity of 9.31%. During the same period in the prior year, the business posted ($0.19) earnings per share.

Insider Activity

In other news, Director Nik Mittal purchased 100,000 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were purchased at an average price of $6.14 per share, with a total value of $614,000.00. Following the purchase, the director now directly owns 116,443 shares of the company's stock, valued at approximately $714,960.02. This represents a 608.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $7.50, for a total transaction of $112,500.00. Following the completion of the transaction, the chief financial officer now directly owns 41,833 shares of the company's stock, valued at approximately $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.18% of the company's stock.

Institutional Investors Weigh In On JetBlue Airways

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its stake in shares of JetBlue Airways by 6.4% during the 4th quarter. CIBC Asset Management Inc now owns 30,416 shares of the transportation company's stock valued at $239,000 after buying an additional 1,823 shares during the last quarter. Xponance Inc. boosted its stake in JetBlue Airways by 10.2% during the 4th quarter. Xponance Inc. now owns 22,613 shares of the transportation company's stock valued at $178,000 after acquiring an additional 2,095 shares during the last quarter. Vident Advisory LLC grew its holdings in JetBlue Airways by 10.9% during the 4th quarter. Vident Advisory LLC now owns 23,181 shares of the transportation company's stock worth $182,000 after acquiring an additional 2,284 shares in the last quarter. Blue Trust Inc. increased its position in shares of JetBlue Airways by 130.8% in the 4th quarter. Blue Trust Inc. now owns 4,478 shares of the transportation company's stock worth $35,000 after purchasing an additional 2,538 shares during the last quarter. Finally, Summit Investment Advisors Inc. raised its stake in shares of JetBlue Airways by 8.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 32,679 shares of the transportation company's stock valued at $257,000 after purchasing an additional 2,666 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.

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.