JetBlue Airways (JBLU) to Release Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is projected 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.Investors interested in registering for the company’s conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The company had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative return on equity of 8.35% and a negative net margin of 9.17%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.39) EPS. 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 Stock Performance

JetBlue Airways stock opened at $8.07 on Monday. The stock has a fifty day moving average price of $7.15 and a 200 day moving average price of $6.42. JetBlue Airways has a 52 week low of $4.49 and a 52 week high of $8.31. The firm has a market capitalization of $2.80 billion, a P/E ratio of -3.20 and a beta of 1.84. The company has a current ratio of 1.21, a quick ratio of 1.18 and a debt-to-equity ratio of 2.98.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of JetBlue Airways from $6.85 to $7.60 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Evercore ISI increased their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. UBS Group reissued a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a research note on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $5.50 target price on shares of JetBlue Airways in a research report on Friday, November 15th. Finally, Bank of America reissued an “underperform” rating and set a $6.50 price target on shares of JetBlue Airways in a research report on Friday, January 17th. Five equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.