JetBlue Airways Crushes Estimates

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JetBlue Airways (NAS: JBLU) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), JetBlue Airways beat expectations on revenues and crushed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly and earnings per share grew significantly.

Margins improved across the board.

Revenue details
JetBlue Airways booked revenue of $1.15 billion. The 13 analysts polled by S&P Capital IQ expected revenue of $1.12 billion. Sales were 22% higher than the prior-year quarter's $940 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.08. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS of $0.08 for Q4 were 123% higher than the prior-year quarter's $0.04 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 50.0%, 1,870 basis points better than the prior-year quarter. Operating margin was 7.2%, 40 basis points better than the prior-year quarter. Net margin was 2.0%, 110 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.14 billion. On the bottom line, the average EPS estimate is $0.05.

Next year's average estimate for revenue is $4.89 billion. The average EPS estimate is $0.50.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 951 members out of 1,155 rating the stock outperform, and 204 members rating it underperform. Among 308 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 252 give JetBlue Airways a green thumbs-up, and 56 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JetBlue Airways is outperform, with an average price target of $6.62.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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