We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
JetBlue Airways has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 42%.
JetBlue Airways Corporation Price and EPS Surprise
The Zacks Consensus Estimate for JBLU’s soon-to-be-reported is currently pegged at a loss of 26 cents per share. The consensus mark currently is narrower than a loss of 42 cents in the past 60 days.
JetBlue Airways’ proactive efforts to expand its connectivity amid increased demand scenarios are expected to have boosted its performance in the to-be-reported quarter. The Zacks Consensus Estimate for revenues is pegged at $2.35 billion, which indicates a decline of 0.2% from the year-ago levels.
Our estimate for passenger revenues is pegged at $2.19 billion, which hints at a decrease of 0.6% from the third-quarter 2023 actuals. Meanwhile, estimates for other revenues are pegged at $160 million.
On the contrary, the adverse effect of increasing operating expenses is expected to be reflected in the company’s bottom line in the September quarter. High interest expenses might hinder the company’s prospects. Our estimate for the metric is pegged at $108.2 million.
What Our Model Says About JBLU
Our proven model predicts an earnings beat for JetBlue Airways this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
JBLU has an Earnings ESP of +18.66% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of JBLU's Q2
JetBlue's second-quarter 2024 earnings (excluding one cent per share from non-recurring items) of 8 cents per share beat the Zacks Consensus Estimate of a loss of 13 cents. In the year-ago quarter, JBLU reported earnings of 45 cents. Operating revenues of $2.43 billion beat the Zacks Consensus Estimate of $2.39 billion. However, the top line decreased 7% year over year.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Transportation sector that investors might want to consider as our model shows that these also have the right combination of elements to beat third-quarter 2024 earnings.
CPA surpassed the Zacks Consensus Estimate in each of the preceding four quarters. The average beat is 16%.
American Airlines (AAL - Free Report) has an Earnings ESP of +32.97% and a Zacks Rank #2. AAL is scheduled to report third-quarter 2024 earnings on Oct. 24.
AAL has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat is 103.2%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is a Beat in Store for JetBlue Airways in Third-Quarter Earnings?
JetBlue Airways Corporation (JBLU - Free Report) is scheduled to report third-quarter 2024 results on Oct. 29 before market open.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
JetBlue Airways has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 42%.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation price-eps-surprise | JetBlue Airways Corporation Quote
The Zacks Consensus Estimate for JBLU’s soon-to-be-reported is currently pegged at a loss of 26 cents per share. The consensus mark currently is narrower than a loss of 42 cents in the past 60 days.
JetBlue Airways’ proactive efforts to expand its connectivity amid increased demand scenarios are expected to have boosted its performance in the to-be-reported quarter. The Zacks Consensus Estimate for revenues is pegged at $2.35 billion, which indicates a decline of 0.2% from the year-ago levels.
Our estimate for passenger revenues is pegged at $2.19 billion, which hints at a decrease of 0.6% from the third-quarter 2023 actuals. Meanwhile, estimates for other revenues are pegged at $160 million.
On the contrary, the adverse effect of increasing operating expenses is expected to be reflected in the company’s bottom line in the September quarter. High interest expenses might hinder the company’s prospects. Our estimate for the metric is pegged at $108.2 million.
What Our Model Says About JBLU
Our proven model predicts an earnings beat for JetBlue Airways this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here.
JBLU has an Earnings ESP of +18.66% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of JBLU's Q2
JetBlue's second-quarter 2024 earnings (excluding one cent per share from non-recurring items) of 8 cents per share beat the Zacks Consensus Estimate of a loss of 13 cents. In the year-ago quarter, JBLU reported earnings of 45 cents. Operating revenues of $2.43 billion beat the Zacks Consensus Estimate of $2.39 billion. However, the top line decreased 7% year over year.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Transportation sector that investors might want to consider as our model shows that these also have the right combination of elements to beat third-quarter 2024 earnings.
Copa Holdings (CPA - Free Report) has an Earnings ESP of +2.46% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. The company is scheduled to report third-quarter 2024 earnings on Nov. 20 after market close.
CPA surpassed the Zacks Consensus Estimate in each of the preceding four quarters. The average beat is 16%.
American Airlines (AAL - Free Report) has an Earnings ESP of +32.97% and a Zacks Rank #2. AAL is scheduled to report third-quarter 2024 earnings on Oct. 24.
AAL has an encouraging earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the preceding four quarters and missed once, the average beat is 103.2%.