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JetBlue Airways Corporation (JBLU - Free Report) is a low cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates primarily on point-to-point routes. It operates an average of 800 daily flights and carries more than 30 million customers annually to multiple destinations in the U.S., Caribbean, and Latin America.
The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 5.72%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: JetBlue’s earnings (excluding special items) of 58 cents per share missed the Zacks Consensus Estimate of 60 cents.
Revenue: Operating revenues came in at $1,732 million, beating the Zacks Consensus Estimate of $1,718 million. Revenues improved 2.6% from the year-ago figure.
Key Stats: For the fourth quarter of 2016, the carrier expects capacity to increase in the band of 3.0% and 5.0% including a negative half a point impact approximately from hurricane Matthew. For the full-year 2016 the metric is now expected to increase in the range of 8.5% to 9.0% compared to 8% to 9.5% expected earlier. Consolidated operating cost per available seat mile, excluding fuel and profit sharing, is expected to grow in the band of 4.5% to 6.5% in the fourth quarter of 2016. For the full-year 2016 the metric is still expected to grow in the range of 0% to 1.5%.
Check back later for our full write up on this JetBlue Airways earnings report later!
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JetBlue (JBLU) Misses on Q3 Earnings
JetBlue Airways Corporation (JBLU - Free Report) is a low cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates primarily on point-to-point routes. It operates an average of 800 daily flights and carries more than 30 million customers annually to multiple destinations in the U.S., Caribbean, and Latin America.
The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 5.72%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here.We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: JetBlue’s earnings (excluding special items) of 58 cents per share missed the Zacks Consensus Estimate of 60 cents.
Revenue: Operating revenues came in at $1,732 million, beating the Zacks Consensus Estimate of $1,718 million. Revenues improved 2.6% from the year-ago figure.
JETBLUE AIRWAYS Price and EPS Surprise
JETBLUE AIRWAYS Price and EPS Surprise | JETBLUE AIRWAYS Quote
Key Stats: For the fourth quarter of 2016, the carrier expects capacity to increase in the band of 3.0% and 5.0% including a negative half a point impact approximately from hurricane Matthew. For the full-year 2016 the metric is now expected to increase in the range of 8.5% to 9.0% compared to 8% to 9.5% expected earlier. Consolidated operating cost per available seat mile, excluding fuel and profit sharing, is expected to grow in the band of 4.5% to 6.5% in the fourth quarter of 2016. For the full-year 2016 the metric is still expected to grow in the range of 0% to 1.5%.
Check back later for our full write up on this JetBlue Airways earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>