JetBlue Airways (JBLU - Free Report) closed the most recent trading day at $16.72, moving -0.65% from the previous trading session. This change lagged the S&P 500's 0.09% loss on the day. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq lost 0.16%.
Heading into today, shares of the airline had lost 6.76% over the past month, lagging the Transportation sector's loss of 0.52% and the S&P 500's gain of 2.35% in that time.
JBLU will be looking to display strength as it nears its next earnings release. On that day, JBLU is projected to report earnings of $0.11 per share, which would represent a year-over-year decline of 59.26%. Meanwhile, our latest consensus estimate is calling for revenue of $1.87 billion, up 6.34% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.96 per share and revenue of $8.20 billion. These totals would mark changes of +26.45% and +7.09%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JBLU. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.14% lower. JBLU is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that JBLU has a Forward P/E ratio of 8.61 right now. For comparison, its industry has an average Forward P/E of 9.32, which means JBLU is trading at a discount to the group.
Meanwhile, JBLU's PEG ratio is currently 0.46. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JBLU's industry had an average PEG ratio of 0.47 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 16, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.