JetBlue Airways Beats Up on Analysts Yet Again
JetBlue Airways (NAS: JBLU) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), JetBlue Airways met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins dropped, operating margins expanded, net margins expanded.
JetBlue Airways recorded revenue of $1.20 billion. The 10 analysts polled by S&P Capital IQ expected a top line of $1.19 billion on the same basis. GAAP reported sales were 19% higher than the prior-year quarter's $1.01 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.09. The 11 earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS of $0.09 for Q1 were much higher than the prior-year quarter's $0.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.3%, 50 basis points worse than the prior-year quarter. Operating margin was 7.4%, 300 basis points better than the prior-year quarter. Net margin was 2.5%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.28 billion. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $5.04 billion. The average EPS estimate is $0.50.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 952 members out of 1,162 rating the stock outperform, and 210 members rating it underperform. Among 299 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give JetBlue Airways a green thumbs-up, and 54 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 $7.13.
Over the decades, small-cap stocks, like JetBlue Airways have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
- Add JetBlue Airways to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.