JetBlue Airways Q2 EPS Forecast Increased by Zacks Research

Key Points

• Zacks Research raised JetBlue’s Q2 2027 EPS forecast to $0.07 from $0.03 and projected Q3 2027 EPS of $0.04, while the full-year consensus remains a loss of $2.42 per share.
• JetBlue’s latest quarter showed a narrower-than-expected loss of $0.66 per share, revenue of $2.70 billion, and 14.5% year-over-year revenue growth, though profitability metrics remained negative.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and average price target of $5.41; the stock opened at $4.57, while institutional investors own 83.71% of shares.

JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) - Equities researchers at Zacks Research upped their Q2 2027 earnings estimates for JetBlue Airways in a note issued to investors on Monday, September 21st. Zacks Research analyst Team now anticipates that the transportation company will post earnings of $0.07 per share for the quarter, up from their previous forecast 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.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The transportation company reported ($0.66) earnings per share for the quarter, beating analysts' consensus estimates of ($0.69) by $0.03. JetBlue Airways had a negative net margin of 9.32% and a negative return on equity of 45.92%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same period in the previous year, the business earned ($0.21) EPS. JetBlue Airways's revenue was up 14.5% compared to the same quarter last year.

Several other research analysts also recently commented on JBLU. TD Cowen cut their target price on JetBlue Airways from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Monday, August 24th. Raymond James Financial reiterated an "underperform" rating on shares of JetBlue Airways in a research report on Monday, July 6th. Bank of America increased their price target on shares of JetBlue Airways from $3.50 to $4.00 and gave the stock an "underperform" rating in a report on Wednesday, July 1st. The Goldman Sachs Group boosted their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the company a "sell" rating in a research note on Thursday, July 2nd. Finally, Citigroup lowered shares of JetBlue Airways from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $6.60 to $5.30 in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $5.41.

JetBlue Airways Price Performance

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

Institutional Trading of JetBlue Airways

A number of hedge funds have recently bought and sold shares of the company. U S Global Investors Inc. grew its holdings in shares of JetBlue Airways by 17.2% in the first quarter. U S Global Investors Inc. now owns 5,542,536 shares of the transportation company's stock worth $24,498,000 after purchasing an additional 813,782 shares during the last quarter. Bank of America Corp DE purchased a new stake in JetBlue Airways during the 2nd quarter valued at $20,022,000. Primecap Management Co. CA bought a new stake in JetBlue Airways in the 2nd quarter worth $13,549,000. Bank of New York Mellon Corp bought a new stake in JetBlue Airways in the 2nd quarter worth $11,336,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of JetBlue Airways in the second quarter valued at about $10,748,000. Institutional investors own 83.71% of the company's stock.

Insider Transactions at JetBlue Airways

In other news, CFO Ursula Hurley sold 77,253 shares of the company's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $5.76, for a total value of $444,977.28. Following the completion of the transaction, the chief financial officer directly owned 211,099 shares in the company, valued at approximately $1,215,930.24. This represents a 26.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 81,253 shares of company stock worth $465,897 over the last three months. Insiders own 2.41% of the company's stock.

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.

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