Q2 EPS Estimate for JetBlue Airways Increased by Analyst

Key Points

• Zacks Research raised its Q2 2027 EPS estimate for JetBlue to $0.08 from $0.07; it forecasts $0.28 per share for Q2 2028 and $0.53 for FY2028.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Reduce” rating and a $4.94 price target, with nine Hold, four Sell, and one Buy rating.
• JetBlue’s latest quarter missed EPS expectations ($0.60 loss versus a forecasted $0.55 loss) and revenue estimates, though revenue rose 21.1% year over year. Shares were up 7.4%, and a director recently bought 100,000 shares.

JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) - Analysts at Zacks Research increased their Q2 2027 EPS estimates for JetBlue Airways in a research note issued to investors on Monday, November 9th. Zacks Research analyst Team now expects that the transportation company will post earnings of $0.08 per share for the quarter, up from their previous forecast of $0.07. The consensus estimate for JetBlue Airways' current full-year earnings is ($2.68) per share. Zacks Research also issued estimates for JetBlue Airways' Q2 2028 earnings at $0.28 EPS and FY2028 earnings at $0.53 EPS.

Several other research firms also recently commented on JBLU. Weiss Ratings reissued a "sell (d-)" rating on shares of JetBlue Airways in a research report on Thursday, October 15th. Susquehanna reduced their price target on JetBlue Airways from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Thursday, October 29th. Seaport Research Partners cut JetBlue Airways from a "buy" rating to a "neutral" rating in a research report on Monday, August 17th. Citigroup upgraded JetBlue Airways from a "sell" rating to a "neutral" rating and decreased their price target for the stock from $5.30 to $4.50 in a research note on Tuesday, October 6th. Finally, Barclays lowered their price objective on JetBlue Airways from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Friday, September 11th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $4.94.

JetBlue Airways Stock Up 7.4%

JBLU stock opened at $3.94 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 5.92. JetBlue Airways has a 1 year low of $2.16 and a 1 year high of $6.62. The company has a fifty day simple moving average of $3.81 and a 200 day simple moving average of $4.87. The firm has a market cap of $1.49 billion, a PE ratio of -1.47 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU - Get Free Report) last announced its quarterly earnings results on Monday, October 26th. The transportation company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.05). The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.83 billion. JetBlue Airways had a negative return on equity of 56.96% and a negative net margin of 10.01%. The business's revenue for the quarter was up 21.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.40) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in JetBlue Airways during the 2nd quarter valued at approximately $27,000. Rockefeller Capital Management L.P. boosted its stake in JetBlue Airways by 157.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,517 shares of the transportation company's stock valued at $25,000 after purchasing an additional 3,373 shares during the period. Essential Partners LLC grew its holdings in JetBlue Airways by 1,048.5% in the 1st quarter. Essential Partners LLC now owns 7,293 shares of the transportation company's stock valued at $32,000 after buying an additional 6,658 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in JetBlue Airways by 162.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,707 shares of the transportation company's stock valued at $44,000 after buying an additional 4,768 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Buying and Selling at JetBlue Airways

In other news, Director Nik Mittal acquired 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 3rd. The stock was acquired at an average cost of $3.24 per share, with a total value of $324,000.00. Following the acquisition, the director owned 238,537 shares in the company, valued at approximately $772,859.88. This represents a 72.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 6,000 shares of company stock valued at $23,920 in the last ninety days. 2.41% of the stock is currently owned by insiders.

JetBlue Airways Company Profile

JetBlue Airways Corporation is a U.S. passenger airline headquartered in Long Island City, New York. Founded in 1998, the company began flying in 2000 and operates scheduled service across the United States and to destinations in the Caribbean, Latin America, Canada and Europe.

The airline offers economy and premium travel options, including its Mint business-class service on select routes and additional-legroom seating. JetBlue also provides loyalty rewards through its TrueBlue program and sells vacation packages combining flights with other travel services.

Joanna Geraghty became JetBlue's chief executive officer in February 2024.

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