Azul (AZUL) Scheduled to Post Quarterly Earnings on Thursday

Azul (NYSE:AZUL) will post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect Azul to post earnings of ($0.14) per share for the quarter.

Azul (NYSE:AZUL) last issued its quarterly earnings results on Monday, August 12th. The company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The firm had revenue of $800.65 million during the quarter, compared to the consensus estimate of $791.43 million. During the same quarter last year, the business posted ($0.81) EPS. On average, analysts expect Azul to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Azul Price Performance

Shares of Azul stock opened at $2.85 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -0.30 and a beta of 1.99. The stock’s 50-day moving average is $2.95 and its 200-day moving average is $4.23. Azul has a one year low of $2.02 and a one year high of $11.26.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. The Goldman Sachs Group lowered Azul from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. Barclays dropped their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, HSBC lowered Azul from a “buy” rating to a “hold” rating and set a $2.70 target price on the stock. in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Azul presently has a consensus rating of “Hold” and a consensus target price of $6.59.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.