FY2024 EPS Estimates for JetBlue Airways Lifted by Analyst

JetBlue Airways Co. (NASDAQ:JBLU) – Analysts at Zacks Research lifted their FY2024 earnings estimates for shares of JetBlue Airways in a report released on Tuesday, November 12th. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of ($1.04) for the year, up from their prior forecast of ($1.18). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.94) per share. Zacks Research also issued estimates for JetBlue Airways’ Q4 2024 earnings at ($0.53) EPS, Q1 2025 earnings at ($0.36) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.60) EPS, Q1 2026 earnings at $0.02 EPS and Q3 2026 earnings at $0.07 EPS.

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

Several other research analysts have also commented on the stock. Citigroup raised their price target on shares of JetBlue Airways from $6.00 to $7.75 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays raised their target price on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research note on Thursday. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. TD Cowen raised their price objective on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. Finally, Susquehanna upped their target price on JetBlue Airways from $6.00 to $7.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, JetBlue Airways presently has an average rating of “Hold” and an average price target of $6.43.

JetBlue Airways Stock Performance

NASDAQ JBLU opened at $7.06 on Friday. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. JetBlue Airways has a 1-year low of $4.09 and a 1-year high of $8.07. The firm has a market capitalization of $2.45 billion, a P/E ratio of -2.80 and a beta of 1.92. The business’s 50-day simple moving average is $6.47 and its 200-day simple moving average is $5.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JBLU. Allspring Global Investments Holdings LLC purchased a new stake in JetBlue Airways during the 1st quarter worth approximately $25,000. SG Americas Securities LLC bought a new stake in shares of JetBlue Airways in the first quarter worth $1,285,000. ProShare Advisors LLC raised its holdings in JetBlue Airways by 7.4% in the first quarter. ProShare Advisors LLC now owns 67,717 shares of the transportation company’s stock valued at $502,000 after acquiring an additional 4,663 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in JetBlue Airways by 208.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock valued at $2,851,000 after acquiring an additional 264,460 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in JetBlue Airways by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after acquiring an additional 317,263 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

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.