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JetBlue (JBLU) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2024, JetBlue Airways (JBLU - Free Report) reported revenue of $2.21 billion, down 5.1% over the same period last year. EPS came in at -$0.43, compared to -$0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of +0.32%. The company delivered an EPS surprise of +18.87%, with the consensus EPS estimate being -$0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JetBlue performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Load factor: 79.7% versus the four-analyst average estimate of 83%.
Average fuel cost per gallon, including fuel taxes: $2.97 versus $2.95 estimated by three analysts on average.
Yield per passenger mile: 15.8 cents versus 15.19 cents estimated by three analysts on average.
Operating revenue per ASM: 13.54 cents compared to the 13.61 cents average estimate based on three analysts.
Available seat miles (ASMs): 16,313 million compared to the 16,156.33 million average estimate based on three analysts.
Operating expense per ASM, excluding fuel: 10.57 cents versus 10.87 cents estimated by three analysts on average.
Revenue passenger miles (RPMs): 13,002 million versus 13,468.58 million estimated by three analysts on average.
Passenger revenue per ASM: 12.6 cents compared to the 12.63 cents average estimate based on three analysts.
Fuel gallons consumed: 210 Mgal compared to the 211.61 Mgal average estimate based on two analysts.
Operating expense per ASM: 17.95 cents versus the two-analyst average estimate of 14.79 cents.
Operating Revenues- Passenger: $2.06 billion versus the four-analyst average estimate of $2.05 billion. The reported number represents a year-over-year change of -5.8%.
Operating Revenues- Other: $154 million versus $152.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
Shares of JetBlue have returned +1.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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JetBlue (JBLU) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2024, JetBlue Airways (JBLU - Free Report) reported revenue of $2.21 billion, down 5.1% over the same period last year. EPS came in at -$0.43, compared to -$0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of +0.32%. The company delivered an EPS surprise of +18.87%, with the consensus EPS estimate being -$0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how JetBlue performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Load factor: 79.7% versus the four-analyst average estimate of 83%.
- Average fuel cost per gallon, including fuel taxes: $2.97 versus $2.95 estimated by three analysts on average.
- Yield per passenger mile: 15.8 cents versus 15.19 cents estimated by three analysts on average.
- Operating revenue per ASM: 13.54 cents compared to the 13.61 cents average estimate based on three analysts.
- Available seat miles (ASMs): 16,313 million compared to the 16,156.33 million average estimate based on three analysts.
- Operating expense per ASM, excluding fuel: 10.57 cents versus 10.87 cents estimated by three analysts on average.
- Revenue passenger miles (RPMs): 13,002 million versus 13,468.58 million estimated by three analysts on average.
- Passenger revenue per ASM: 12.6 cents compared to the 12.63 cents average estimate based on three analysts.
- Fuel gallons consumed: 210 Mgal compared to the 211.61 Mgal average estimate based on two analysts.
- Operating expense per ASM: 17.95 cents versus the two-analyst average estimate of 14.79 cents.
- Operating Revenues- Passenger: $2.06 billion versus the four-analyst average estimate of $2.05 billion. The reported number represents a year-over-year change of -5.8%.
- Operating Revenues- Other: $154 million versus $152.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.5% change.
View all Key Company Metrics for JetBlue here>>>Shares of JetBlue have returned +1.6% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.