JetBlue Airways (JBLU) to Release Earnings on Tuesday

JetBlue Airways (NASDAQ:JBLU) is projected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect JetBlue Airways to post earnings of ($0.42) per share and revenue of $2,237,570.00 billion for the quarter. JetBlue Airways has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings results on Tuesday, October 29th. The transportation company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.10. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. On average, analysts expect JetBlue Airways to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JetBlue Airways Trading Up 2.0 %

JBLU opened at $8.07 on Monday. JetBlue Airways has a 12-month low of $4.49 and a 12-month high of $8.31. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.21 and a quick ratio of 1.18. The stock has a market capitalization of $2.80 billion, a PE ratio of -3.20 and a beta of 1.84. The firm’s fifty day moving average price is $7.15 and its 200 day moving average price is $6.42.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JBLU shares. The Goldman Sachs Group reaffirmed a “sell” rating and set a $5.50 price target on shares of JetBlue Airways in a research report on Friday, November 15th. Morgan Stanley reaffirmed an “equal weight” rating and set a $8.00 target price on shares of JetBlue Airways in a report on Wednesday, December 11th. StockNews.com upgraded JetBlue Airways to a “sell” rating in a report on Thursday, November 7th. UBS Group restated a “sell” rating and set a $5.00 price objective on shares of JetBlue Airways in a research note on Tuesday, November 26th. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $6.85 to $7.60 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $6.69.

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.