JetBlue Airways Q3 EPS Forecast Boosted by Zacks Research

JetBlue Airways Co. (NASDAQ:JBLU) – Zacks Research boosted their Q3 2024 EPS estimates for shares of JetBlue Airways in a research report issued on Monday, October 21st. Zacks Research analyst M. Basu now forecasts that the transportation company will post earnings per share of ($0.37) for the quarter, up from their previous estimate of ($0.38). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.91) per share. Zacks Research also issued estimates for JetBlue Airways’ Q1 2025 earnings at ($0.33) EPS, Q2 2025 earnings at ($0.05) EPS, Q3 2025 earnings at ($0.04) EPS, Q4 2025 earnings at ($0.10) EPS, FY2025 earnings at ($0.53) EPS and Q3 2026 earnings at $0.08 EPS.

A number of other brokerages have also weighed in on JBLU. Susquehanna lifted their price objective on shares of JetBlue Airways from $6.00 to $7.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Bank of America raised shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their target price for the company from $3.00 to $6.00 in a research report on Monday, September 9th. TD Cowen raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research report on Friday, September 6th. StockNews.com raised shares of JetBlue Airways to a “sell” rating in a research report on Friday, October 11th. Finally, Evercore ISI raised their target price on shares of JetBlue Airways from $4.00 to $5.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Four research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.98.

JetBlue Airways Trading Down 2.6 %

Shares of JBLU opened at $6.99 on Wednesday. JetBlue Airways has a 1-year low of $3.42 and a 1-year high of $8.07. The company has a 50-day moving average of $6.02 and a 200 day moving average of $5.94. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of -2.83 and a beta of 1.92. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.54 and a quick ratio of 0.50.

JetBlue Airways (NASDAQ:JBLU) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. JetBlue Airways had a negative net margin of 10.18% and a negative return on equity of 10.29%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the business posted $0.45 EPS. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis.

Institutional Trading of JetBlue Airways

A number of institutional investors have recently bought and sold shares of JBLU. Allspring Global Investments Holdings LLC acquired a new stake in JetBlue Airways in the 1st quarter worth approximately $25,000. Trust Co. of Vermont acquired a new stake in JetBlue Airways in the 2nd quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in JetBlue Airways by 169.8% in the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after purchasing an additional 2,377 shares in the last quarter. Bogart Wealth LLC boosted its stake in JetBlue Airways by 1,951.2% in the 3rd quarter. Bogart Wealth LLC now owns 4,205 shares of the transportation company’s stock worth $28,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in JetBlue Airways during the 2nd quarter valued at approximately $34,000. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.