Brokers Issue Forecasts for JetBlue Airways Q2 Earnings

JetBlue Airways Corporation (NASDAQ:JBLU) – Stock analysts at Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for JetBlue Airways in a report issued on Thursday, December 18th. Zacks Research analyst Team now forecasts that the transportation company will post earnings of $0.04 per share for the quarter, up from their prior estimate of $0.03. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for JetBlue Airways’ FY2027 earnings at $0.05 EPS.

A number of other research analysts have also commented on the company. UBS Group raised their price target on JetBlue Airways from $3.00 to $4.00 and gave the company a “sell” rating in a report on Friday, September 5th. Morgan Stanley lowered their target price on shares of JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, December 8th. TD Cowen upped their price target on shares of JetBlue Airways from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Monday, September 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a research note on Wednesday, October 8th. Finally, Susquehanna boosted their target price on JetBlue Airways from $4.00 to $5.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Six research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $5.04.

JetBlue Airways Trading Down 0.6%

Shares of JBLU stock opened at $4.74 on Friday. The company has a debt-to-equity ratio of 3.42, a quick ratio of 0.77 and a current ratio of 0.82. JetBlue Airways has a 1 year low of $3.34 and a 1 year high of $8.31. The stock has a fifty day moving average of $4.51 and a two-hundred day moving average of $4.66. The firm has a market capitalization of $1.72 billion, a PE ratio of -3.59 and a beta of 1.76.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.03. JetBlue Airways had a negative return on equity of 19.87% and a negative net margin of 5.16%.The business had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the company posted ($0.16) EPS. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year.

Institutional Trading of JetBlue Airways

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirabella Financial Services LLP acquired a new position in shares of JetBlue Airways in the third quarter worth $437,000. Caitong International Asset Management Co. Ltd grew its stake in JetBlue Airways by 639.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock valued at $29,000 after buying an additional 5,049 shares during the last quarter. Caxton Associates LLP bought a new position in JetBlue Airways in the 3rd quarter worth approximately $780,000. XTX Topco Ltd bought a new position in JetBlue Airways during the third quarter worth $982,000. Finally, Voleon Capital Management LP acquired a new position in shares of JetBlue Airways during the third quarter valued at about $2,763,000. 83.71% of the stock is currently owned by institutional investors.

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.