AZUL SA (AZUL - Free Report) closed the most recent trading day at $27.78, moving -1.35% from the previous trading session. This change lagged the S&P 500's 0.61% loss on the day. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 0.56%.
Heading into today, shares of the company had lost 8.48% over the past month, lagging the Transportation sector's gain of 4.83% and the S&P 500's gain of 5.68% in that time.
Investors will be hoping for strength from AZUL as it approaches its next earnings release. In that report, analysts expect AZUL to post earnings of $0.43 per share. This would mark a year-over-year decline of 24.56%. Meanwhile, our latest consensus estimate is calling for revenue of $694.12 million, up 1.76% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.27 per share and revenue of $2.87 billion. These totals would mark changes of +42.77% and +14.16%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for AZUL. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.9% higher. AZUL currently has a Zacks Rank of #2 (Buy).
Digging into valuation, AZUL currently has a Forward P/E ratio of 12.42. For comparison, its industry has an average Forward P/E of 9.84, which means AZUL is trading at a premium to the group.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.