JetBlue Airways (NASDAQ:JBLU) Posts Earnings Results, Beats Estimates By $0.10 EPS

JetBlue Airways (NASDAQ:JBLU) posted its quarterly earnings data on Tuesday. The transportation company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.10, Briefing.com reports. JetBlue Airways had a negative net margin of 3.23% and a negative return on equity of 4.41%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the firm posted ($0.34) earnings per share. The firm’s revenue was down 5.5% compared to the same quarter last year. JetBlue Airways updated its Q2 2024 guidance to EPS.

JetBlue Airways Trading Up 1.0 %

JetBlue Airways stock opened at $6.16 on Wednesday. The firm’s 50 day moving average price is $6.94 and its 200-day moving average price is $5.65. JetBlue Airways has a 1 year low of $3.42 and a 1 year high of $9.45. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 1.32.

Wall Street Analysts Forecast Growth

JBLU has been the topic of a number of recent analyst reports. Susquehanna raised their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft upgraded shares of JetBlue Airways from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.00 to $9.00 in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upgraded shares of JetBlue Airways from an “underweight” rating to a “neutral” rating and set a $7.00 target price on the stock in a research note on Thursday, April 18th. Barclays initiated coverage on shares of JetBlue Airways in a research note on Wednesday, March 27th. They set an “underweight” rating and a $6.00 target price on the stock. Finally, Evercore ISI raised their target price on shares of JetBlue Airways from $5.00 to $8.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Hold” and an average price target of $5.88.

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.