Zacks Research Raises Earnings Estimates for JetBlue Airways

JetBlue Airways Co. (NASDAQ:JBLU) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for JetBlue Airways in a research report issued on Tuesday, November 12th. Zacks Research analyst M. Basu now expects that the transportation company will post earnings per share of ($1.04) for the year, up from their prior estimate of ($1.18). The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.94) per share. Zacks Research also issued estimates for JetBlue Airways’ Q4 2024 earnings at ($0.53) EPS, Q1 2025 earnings at ($0.36) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.13) EPS, FY2025 earnings at ($0.60) EPS, Q1 2026 earnings at $0.02 EPS and Q3 2026 earnings at $0.07 EPS.

JetBlue Airways (NASDAQ:JBLU) last posted its 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 for the quarter, compared to analyst estimates of $2.36 billion. JetBlue Airways had a negative net margin of 9.17% and a negative return on equity of 8.35%. JetBlue Airways’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.39) EPS.

Other equities research analysts have also issued research reports about the company. Evercore ISI lifted their price target on JetBlue Airways from $4.00 to $5.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. StockNews.com upgraded shares of JetBlue Airways to a “sell” rating in a research report on Thursday, November 7th. Barclays upped their price target on shares of JetBlue Airways from $5.00 to $7.00 and gave the company an “underweight” rating in a research report on Thursday. TD Cowen boosted their target price on JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a research note on Friday, September 6th. Finally, Bank of America upgraded JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and a consensus price target of $6.53.

JetBlue Airways Price Performance

JBLU stock opened at $7.11 on Friday. The company’s 50 day moving average is $6.40 and its 200 day moving average is $5.89. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.18 and a current ratio of 1.21. JetBlue Airways has a 1-year low of $4.09 and a 1-year high of $8.07.

Hedge Funds Weigh In On JetBlue Airways

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in JetBlue Airways in the first quarter worth about $25,000. SG Americas Securities LLC purchased a new stake in JetBlue Airways during the first quarter valued at approximately $1,285,000. ProShare Advisors LLC raised its position in JetBlue Airways by 7.4% in the first quarter. ProShare Advisors LLC now owns 67,717 shares of the transportation company’s stock worth $502,000 after acquiring an additional 4,663 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of JetBlue Airways by 208.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 391,614 shares of the transportation company’s stock worth $2,851,000 after acquiring an additional 264,460 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of JetBlue Airways by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 37,376,886 shares of the transportation company’s stock worth $277,336,000 after purchasing an additional 317,263 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other 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.