JetBlue Airways Q2 EPS Estimate Raised by Zacks Research

JetBlue Airways Corporation (NASDAQ:JBLU) – Research analysts at Zacks Research lifted their Q2 2027 EPS estimates for shares of JetBlue Airways in a report issued on Friday, January 16th. Zacks Research analyst Team now forecasts that the transportation company will earn $0.06 per share for the quarter, up from their prior estimate of $0.04. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for JetBlue Airways’ Q3 2027 earnings at $0.07 EPS and FY2027 earnings at $0.08 EPS.

Several other research analysts have also commented on the company. Citigroup cut their price objective on JetBlue Airways from $4.10 to $4.00 and set a “sell” rating on the stock in a research report on Wednesday, January 7th. The Goldman Sachs Group increased their target price on JetBlue Airways from $3.50 to $4.00 and gave the company a “sell” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JetBlue Airways in a report on Wednesday, October 8th. Morgan Stanley decreased their price target on JetBlue Airways from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, December 8th. Finally, TD Cowen increased their price objective on shares of JetBlue Airways from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Wednesday, January 7th. Six investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, JetBlue Airways has a consensus rating of “Reduce” and a consensus price target of $4.93.

JetBlue Airways Stock Performance

NASDAQ:JBLU opened at $5.16 on Monday. The firm’s fifty day simple moving average is $4.70 and its 200 day simple moving average is $4.72. The company has a current ratio of 0.82, a quick ratio of 0.77 and a debt-to-equity ratio of 3.42. JetBlue Airways has a twelve month low of $3.34 and a twelve month high of $8.31. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -3.91 and a beta of 1.78.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, October 28th. The transportation company reported ($0.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.43) by $0.03. JetBlue Airways had a negative net margin of 5.16% and a negative return on equity of 19.87%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same period in the previous year, the firm earned ($0.16) earnings per share. JetBlue Airways’s revenue for the quarter was down 1.8% on a year-over-year basis.

Hedge Funds Weigh In On JetBlue Airways

A number of institutional investors have recently made changes to their positions in JBLU. Caitong International Asset Management Co. Ltd lifted its stake in JetBlue Airways by 639.1% during the third quarter. Caitong International Asset Management Co. Ltd now owns 5,839 shares of the transportation company’s stock worth $29,000 after purchasing an additional 5,049 shares during the last quarter. Bogart Wealth LLC raised its holdings in shares of JetBlue Airways by 12,727.3% during the third quarter. Bogart Wealth LLC now owns 7,055 shares of the transportation company’s stock worth $35,000 after purchasing an additional 7,000 shares during the period. HUB Investment Partners LLC bought a new position in shares of JetBlue Airways in the 2nd quarter worth about $45,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of JetBlue Airways in the 2nd quarter valued at about $47,000. Finally, Ballentine Partners LLC bought a new stake in shares of JetBlue Airways during the 2nd quarter valued at about $48,000. 83.71% of the stock is owned by institutional investors and hedge funds.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline’s core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.