Zacks Research Issues Negative Outlook for Azul Earnings

Azul S.A. (NYSE:AZUL) – Equities research analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for Azul in a note issued to investors on Thursday, November 28th. Zacks Research analyst S. Goswami now forecasts that the company will earn $0.08 per share for the quarter, down from their previous estimate of $0.10. The consensus estimate for Azul’s current full-year earnings is ($1.72) per share. Zacks Research also issued estimates for Azul’s Q3 2026 earnings at $0.28 EPS.

AZUL has been the subject of a number of other reports. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Hsbc Global Res raised Azul to a “hold” rating in a research report on Thursday, September 5th. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price target for the company. in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Barclays dropped their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.59.

Azul Stock Up 2.0 %

AZUL opened at $2.33 on Monday. Azul has a 12-month low of $2.02 and a 12-month high of $10.62. The stock has a market cap of $980.15 million, a price-to-earnings ratio of -0.33 and a beta of 1.92. The business has a 50 day moving average of $2.92 and a 200-day moving average of $3.78.

Hedge Funds Weigh In On Azul

A number of hedge funds have recently added to or reduced their stakes in AZUL. Long Focus Capital Management LLC increased its stake in shares of Azul by 106.3% in the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Perpetual Ltd increased its stake in shares of Azul by 4.5% in the 3rd quarter. Perpetual Ltd now owns 2,354,953 shares of the company’s stock valued at $8,101,000 after purchasing an additional 100,639 shares during the last quarter. Marshall Wace LLP grew its position in Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after acquiring an additional 575,344 shares during the last quarter. SPX Gestao de Recursos Ltda grew its position in Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock worth $1,170,000 after acquiring an additional 290,465 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Azul by 58.9% during the 3rd quarter. Jane Street Group LLC now owns 203,190 shares of the company’s stock worth $699,000 after acquiring an additional 75,291 shares during the last quarter. 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.