Q3 EPS Estimates for JetBlue Airways Raised by Analyst

JetBlue Airways Corporation (NASDAQ:JBLU) – Zacks Research upped their Q3 2027 earnings per share estimates for shares of JetBlue Airways in a research note issued to investors on Wednesday, July 8th. Zacks Research analyst Team now expects that the transportation company will earn $0.14 per share for the quarter, up from their prior estimate of $0.09. The consensus estimate for JetBlue Airways’ current full-year earnings is ($2.53) per share. Zacks Research also issued estimates for JetBlue Airways’ Q4 2027 earnings at $0.08 EPS and Q1 2028 earnings at $0.09 EPS.

JetBlue Airways (NASDAQ:JBLU) last issued its quarterly earnings results on Tuesday, April 28th. The transportation company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.72) by ($0.15). JetBlue Airways had a negative return on equity of 32.76% and a negative net margin of 7.78%.The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the company posted ($0.59) EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial reissued an “underperform” rating on shares of JetBlue Airways in a research note on Monday. The Goldman Sachs Group upped their price objective on shares of JetBlue Airways from $3.50 to $4.50 and gave the stock a “sell” rating in a research report on Thursday, July 2nd. UBS Group increased their price objective on shares of JetBlue Airways from $4.00 to $4.50 and gave the company a “sell” rating in a report on Tuesday, June 23rd. Bank of America lifted their target price on shares of JetBlue Airways from $3.50 to $4.00 and gave the company an “underperform” rating in a research report on Wednesday, July 1st. Finally, Citigroup boosted their target price on shares of JetBlue Airways from $4.40 to $6.60 and gave the stock a “neutral” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, JetBlue Airways presently has a consensus rating of “Reduce” and an average price target of $5.31.

JetBlue Airways Stock Down 2.4%

JetBlue Airways stock opened at $5.58 on Thursday. The company has a debt-to-equity ratio of 4.25, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market capitalization of $2.08 billion, a PE ratio of -2.88 and a beta of 1.73. The business has a 50 day simple moving average of $5.20 and a 200-day simple moving average of $5.10. JetBlue Airways has a 12 month low of $3.87 and a 12 month high of $6.50.

Insider Buying and Selling

In related news, Director Thomas Winkelmann sold 35,473 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $4.70, for a total transaction of $166,723.10. Following the completion of the sale, the director directly owned 13,379 shares in the company, valued at approximately $62,881.30. The trade was a 72.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Vivek Sharma sold 32,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $5.41, for a total value of $173,120.00. Following the completion of the transaction, the director directly owned 35,479 shares of the company’s stock, valued at approximately $191,941.39. This represents a 47.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.41% of the company’s stock.

Institutional Investors Weigh In On JetBlue Airways

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its position in JetBlue Airways by 131.2% during the first quarter. AQR Capital Management LLC now owns 90,534 shares of the transportation company’s stock worth $436,000 after acquiring an additional 51,377 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in JetBlue Airways by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 185,801 shares of the transportation company’s stock valued at $896,000 after acquiring an additional 8,053 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in JetBlue Airways by 6.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,789,448 shares of the transportation company’s stock valued at $23,085,000 after acquiring an additional 274,892 shares during the last quarter. United Services Automobile Association acquired a new stake in JetBlue Airways in the 1st quarter valued at about $106,000. Finally, Cetera Investment Advisers lifted its stake in JetBlue Airways by 10.7% in the 2nd quarter. Cetera Investment Advisers now owns 30,678 shares of the transportation company’s stock worth $130,000 after purchasing an additional 2,954 shares in the last quarter. 83.71% of the stock is currently owned by institutional investors and hedge funds.

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.