JetBlue Airways Q2 EPS Estimate Increased by Zacks Research

JetBlue Airways Corporation (NASDAQ:JBLU) – Analysts at Zacks Research increased their Q2 2027 earnings per share (EPS) estimates for shares of JetBlue Airways in a research report issued on Monday, September 21st. Zacks Research analyst Team now anticipates that the transportation company will post earnings per share of $0.07 for the quarter, up from their prior estimate of $0.03. The consensus estimate for JetBlue Airways’ current full-year earnings is ($2.42) per share. Zacks Research also issued estimates for JetBlue Airways’ Q3 2027 earnings at $0.04 EPS.

Several other research analysts have also commented on the stock. Citigroup lowered shares of JetBlue Airways from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $6.60 to $5.30 in a report on Friday, August 7th. Susquehanna lifted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Tuesday, July 7th. Barclays reduced their price target on shares of JetBlue Airways from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. BMO Capital Markets raised their price objective on shares of JetBlue Airways from $6.00 to $6.75 and gave the stock a “market perform” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen cut JetBlue Airways from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 22nd. Seven research analysts have rated the stock with a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $5.41.

JetBlue Airways Stock Performance

Shares of JBLU stock opened at $4.57 on Tuesday. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -1.91 and a beta of 1.70. The stock has a fifty day moving average of $5.17 and a 200 day moving average of $5.07. JetBlue Airways has a 52 week low of $3.87 and a 52 week high of $6.62. The company has a quick ratio of 0.63, a current ratio of 0.70 and a debt-to-equity ratio of 5.04.

JetBlue Airways (NASDAQ:JBLU) last posted its earnings results on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.69 billion. JetBlue Airways had a negative return on equity of 45.92% and a negative net margin of 9.32%.The business’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.21) earnings per share.

Institutional Trading of JetBlue Airways

A number of institutional investors and hedge funds have recently bought and sold shares of JBLU. Essex Financial Services Inc. lifted its holdings in JetBlue Airways by 12.4% during the fourth quarter. Essex Financial Services Inc. now owns 23,504 shares of the transportation company’s stock worth $107,000 after buying an additional 2,599 shares during the period. Amundi increased its holdings in shares of JetBlue Airways by 8.9% in the 1st quarter. Amundi now owns 39,447 shares of the transportation company’s stock valued at $174,000 after acquiring an additional 3,238 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of JetBlue Airways by 157.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company’s stock valued at $25,000 after acquiring an additional 3,373 shares during the period. Kestra Advisory Services LLC raised its position in shares of JetBlue Airways by 62.1% in the 1st quarter. Kestra Advisory Services LLC now owns 10,809 shares of the transportation company’s stock worth $48,000 after acquiring an additional 4,142 shares in the last quarter. Finally, Trust Co. of Vermont bought a new position in shares of JetBlue Airways in the 2nd quarter worth $26,000. 83.71% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Ursula Hurley sold 77,253 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the sale, the chief financial officer directly owned 211,099 shares of the company’s stock, valued at $1,215,930.24. The trade was a 26.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 81,253 shares of company stock worth $465,897 in the last ninety days. 2.41% of the stock is currently owned by company insiders.

About JetBlue Airways

JetBlue Airways Corporation (NASDAQ: JBLU) is a passenger airline that provides scheduled air transportation in the United States, the Caribbean, Latin America, Canada and select destinations in Europe. The company serves leisure and business travelers through a network connecting major cities, focus cities and vacation destinations.

JetBlue offers several travel products and services, including standard economy seating, premium Mint service on select routes, and EvenMore seating with additional legroom and other benefits.