JetBlue Airways Earnings Preview
Investors hope JetBlue Airways (NAS: JBLU) will top analyst estimates once again after beating predictions by $0.04 in the previous quarter. The company will unveil its latest earnings on Monday, April 16. JetBlue Airways is a passenger airline that provides competitive fares mainly on point-to-point routes.
What analysts say:
- Buy, sell, or hold?: Analysts are bullish on JetBlue Airways as five analysts rate it as a buy and only two analysts rate it as a sell. Analysts don't like JetBlue Airways as much as competitor Alaska Air Group overall. While analysts still rate the stock a hold, they are a little more optimistic about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $1.18 billion in revenue this quarter. That would represent a rise of 16.8% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.07 per share. Estimates range from $0.01 to $0.10.
What our community says:
CAPS All-Stars are strongly supporting the stock, with 81.2% awarding it an "outperform" rating. The greater community backs the All-Stars, as 81.9% give it a rating of "outperform." JetBlue Airways' bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.
JetBlue Airways' income has fallen year-over-year by an average of 75.4% over the past five quarters. The company's gross margin shrank by 2.9 percentage points in the last quarter. Revenue rose 21.9% while cost of sales rose 27.9% to $706 million from a year earlier.
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