Zacks Research Raises Earnings Estimates for JetBlue Airways

Key Points

• Zacks Research raised JetBlue’s Q3 2026 EPS estimate to a loss of $0.57 per share from a prior loss estimate of $0.91, while forecasting a $2.46-per-share loss for full-year 2026 and a $0.35-per-share loss for 2027.
• JetBlue recently reported a quarterly loss of $0.66 per share, beating expectations by $0.03, while revenue reached $2.70 billion, up 14.5% year over year.
• Despite significant institutional ownership of 83.71%, analyst sentiment remains cautious: the stock has an average “Reduce” rating and a $5.40 price target, compared with a recent share price of $5.78.

JetBlue Airways Corporation (NASDAQ:JBLU - Free Report) - Investment analysts at Zacks Research lifted their Q3 2026 earnings per share estimates for shares of JetBlue Airways in a research report issued on Tuesday, August 11th. Zacks Research analyst Team now expects that the transportation company will earn ($0.57) per share for the quarter, up from their previous estimate of ($0.91). The consensus estimate for JetBlue Airways' current full-year earnings is ($2.35) per share. Zacks Research also issued estimates for JetBlue Airways' Q4 2026 earnings at ($0.35) EPS, FY2026 earnings at ($2.46) EPS, Q1 2027 earnings at ($0.34) EPS, Q2 2027 earnings at $0.03 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at ($0.10) EPS, FY2027 earnings at ($0.35) EPS, Q1 2028 earnings at $0.02 EPS, Q2 2028 earnings at $0.35 EPS and FY2028 earnings at $0.76 EPS.

JBLU has been the subject of several other research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of JetBlue Airways in a research report on Friday, July 17th. Wall Street Zen upgraded shares of JetBlue Airways from a "strong sell" rating to a "sell" rating in a report on Saturday, May 23rd. UBS Group lifted their price objective on shares of JetBlue Airways from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Tuesday, June 23rd. Raymond James Financial reiterated an "underperform" rating on shares of JetBlue Airways in a research note on Monday, July 6th. Finally, Seaport Research Partners raised JetBlue Airways from a "neutral" rating to a "buy" rating and set a $8.00 target price on the stock in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $5.40.

JetBlue Airways Trading Down 0.5%

Shares of JBLU stock opened at $5.78 on Thursday. JetBlue Airways has a fifty-two week low of $3.87 and a fifty-two week high of $6.62. The company has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.24. The stock has a market capitalization of $2.18 billion, a P/E ratio of -2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.63 and a current ratio of 0.70.

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

Hedge Funds Weigh In On JetBlue Airways

Several large investors have recently bought and sold shares of JBLU. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of JetBlue Airways during the second quarter worth about $10,748,000. Pinnacle Holdings LLC purchased a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $2,453,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $27,000. Quantbot Technologies LP acquired a new stake in shares of JetBlue Airways in the 2nd quarter valued at about $1,991,000. Finally, EP Wealth Advisors LLC purchased a new position in JetBlue Airways during the 2nd quarter worth approximately $171,000. Institutional investors and hedge funds own 83.71% of the company's stock.

Insider Buying and Selling

In other JetBlue Airways news, Director Vivek Sharma sold 32,000 shares of the firm's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total transaction of $173,120.00. Following the sale, the director owned 35,479 shares of the company's stock, valued at approximately $191,941.39. This trade represents a 47.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ursula L. 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 transaction of $444,977.28. Following the sale, the chief financial officer owned 211,099 shares of the company's stock, valued at $1,215,930.24. This represents a 26.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 111,253 shares of company stock worth $629,597. 2.41% of the stock is owned by corporate insiders.

About JetBlue Airways

JetBlue Airways Corporation is a low-cost scheduled passenger airline headquartered in Long Island City, New York. Since commencing service in 2000, the carrier has built a reputation for combining competitive fares with enhanced onboard amenities, including free in-flight entertainment, complimentary snacks and beverages, and onboard Wi-Fi. JetBlue operates a single fleet type of Airbus A320 family and Embraer 190 aircraft, which supports its focus on efficiency and operational consistency.

The airline's core offerings include economy-class travel and a premium business-class product known as Mint, which features lie-flat seats, curated culinary options and elevated service on select transcontinental and international routes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source