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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 2.76%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #1 (Strong Buy) 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 64 cents per share beat the Zacks Consensus Estimate of 56 cents. Earnings increased substantially from the year ago figure.
Revenue: Operating revenues came in at $1,842 million, beating the Zacks Consensus Estimate of $1,822.1 million. Revenues improved 12.1% from the year-ago figure. The top line was benefitted primarily by a 22.8% increase in other revenues. Passenger revenues climbed 11% in the second quarter of 2017.
JetBlue Airways Corporation Price and EPS Surprise
Key Stats to Note: For the third quarter of 2017, the carrier expects capacity to increase in the band of 6.5% and 7.5%. For the full-year 2017 the metric is expected to increase in the range of 5.5% to 6.5%. Consolidated operating cost per available seat mile, excluding fuel, is expected to grow in the band of 1.5% to 3.5% in the third quarter of 2017. For the full-year 2017 the metric is expected to grow in the range of 2% to 3.5%.
Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
Image: Bigstock
JetBlue (JBLU) Beats on Q2 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 2.76%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #1 (Strong Buy) 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 64 cents per share beat the Zacks Consensus Estimate of 56 cents. Earnings increased substantially from the year ago figure.
Revenue: Operating revenues came in at $1,842 million, beating the Zacks Consensus Estimate of $1,822.1 million. Revenues improved 12.1% from the year-ago figure. The top line was benefitted primarily by a 22.8% increase in other revenues. Passenger revenues climbed 11% in the second quarter of 2017.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation Price and EPS Surprise | JetBlue Airways Corporation Quote
Key Stats to Note: For the third quarter of 2017, the carrier expects capacity to increase in the band of 6.5% and 7.5%. For the full-year 2017 the metric is expected to increase in the range of 5.5% to 6.5%. Consolidated operating cost per available seat mile, excluding fuel, is expected to grow in the band of 1.5% to 3.5% in the third quarter of 2017. For the full-year 2017 the metric is expected to grow in the range of 2% to 3.5%.
Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017
From driverless cars to artifical intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.
Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential.
See these stocks now>>