Zacks Research Issues Positive Estimate for Azul Earnings

Azul S.A. (NYSE:AZUL - Free Report) - Equities research analysts at Zacks Research lifted their Q4 2026 earnings per share (EPS) estimates for shares of Azul in a report issued on Wednesday, May 28th. Zacks Research analyst S. Goswami now forecasts that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.41. The consensus estimate for Azul's current full-year earnings is ($1.58) per share.

A number of other research analysts have also recently issued reports on the stock. Raymond James cut shares of Azul from an "outperform" rating to a "market perform" rating in a research report on Thursday, May 15th. The Goldman Sachs Group lowered their price target on shares of Azul from $2.70 to $2.40 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Seaport Res Ptn lowered shares of Azul from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Barclays lowered their target price on shares of Azul from $4.50 to $0.50 and set an "equal weight" rating for the company in a report on Friday, May 16th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Azul has a consensus rating of "Hold" and an average target price of $3.32.

Azul Stock Performance

Azul stock remained flat at $0.50 on Friday. The company has a market cap of $210.79 million, a P/E ratio of -0.07 and a beta of 1.88. The company has a fifty day moving average price of $1.06 and a 200-day moving average price of $1.71. Azul has a twelve month low of $0.45 and a twelve month high of $5.51.

Azul (NYSE:AZUL - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported ($2.18) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($2.21). The firm had revenue of $923.68 million during the quarter, compared to the consensus estimate of $5.31 billion.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Long Focus Capital Management LLC raised its holdings in Azul by 18.0% in the fourth quarter. Long Focus Capital Management LLC now owns 5,932,943 shares of the company's stock worth $9,908,000 after buying an additional 905,463 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in Azul by 60.8% in the 1st quarter. Kapitalo Investimentos Ltda now owns 866,282 shares of the company's stock worth $1,421,000 after acquiring an additional 327,421 shares during the last quarter. Two Sigma Investments LP raised its holdings in Azul by 17.1% in the 4th quarter. Two Sigma Investments LP now owns 191,019 shares of the company's stock worth $319,000 after acquiring an additional 27,949 shares during the last quarter. Virtu Financial LLC purchased a new position in Azul in the 4th quarter worth approximately $220,000. Finally, Fore Capital LLC purchased a new position in shares of Azul in the fourth quarter worth $167,000. 0.82% of the stock is owned by hedge funds and other institutional investors.

About Azul

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.