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JetBlue (JBLU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, JetBlue Airways (JBLU - Free Report) reported revenue of $2.61 billion, up 6.8% over the same period last year. EPS came in at $0.45, compared to -$0.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 85.3% compared to the 84.89% average estimate based on four analysts.
Average fuel cost per gallon, including fuel taxes: $2.63 versus $2.75 estimated by three analysts on average.
Yield per passenger mile: 16.62 cents versus the three-analyst average estimate of 16.77 cents.
Revenue per ASM: 15.04 cents versus 15 cents estimated by three analysts on average.
Available seat miles (ASMs): 17353 million compared to the 17391.94 million average estimate based on three analysts.
Operating expense per ASM, excluding fuel: 10 cents compared to the 9.99 cents average estimate based on three analysts.
Revenue passenger miles (RPMs): 14798 million versus 14699.78 million estimated by three analysts on average.
Passenger revenue per ASM: 14.17 cents versus 14.19 cents estimated by three analysts on average.
Fuel gallons consumed: 228 Mgal compared to the 231.25 Mgal average estimate based on two analysts.
Operating expense per ASM: 13.68 cents compared to the 13.63 cents average estimate based on two analysts.
Operating Revenues- Passenger: $2.46 billion versus the four-analyst average estimate of $2.46 billion. The reported number represents a year-over-year change of +6.9%.
Operating Revenues- Other: $150 million compared to the $144.07 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
Shares of JetBlue have returned -13.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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JetBlue (JBLU) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, JetBlue Airways (JBLU - Free Report) reported revenue of $2.61 billion, up 6.8% over the same period last year. EPS came in at $0.45, compared to -$0.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.61 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 85.3% compared to the 84.89% average estimate based on four analysts.
- Average fuel cost per gallon, including fuel taxes: $2.63 versus $2.75 estimated by three analysts on average.
- Yield per passenger mile: 16.62 cents versus the three-analyst average estimate of 16.77 cents.
- Revenue per ASM: 15.04 cents versus 15 cents estimated by three analysts on average.
- Available seat miles (ASMs): 17353 million compared to the 17391.94 million average estimate based on three analysts.
- Operating expense per ASM, excluding fuel: 10 cents compared to the 9.99 cents average estimate based on three analysts.
- Revenue passenger miles (RPMs): 14798 million versus 14699.78 million estimated by three analysts on average.
- Passenger revenue per ASM: 14.17 cents versus 14.19 cents estimated by three analysts on average.
- Fuel gallons consumed: 228 Mgal compared to the 231.25 Mgal average estimate based on two analysts.
- Operating expense per ASM: 13.68 cents compared to the 13.63 cents average estimate based on two analysts.
- Operating Revenues- Passenger: $2.46 billion versus the four-analyst average estimate of $2.46 billion. The reported number represents a year-over-year change of +6.9%.
- Operating Revenues- Other: $150 million compared to the $144.07 million average estimate based on four analysts. The reported number represents a change of +4.9% year over year.
View all Key Company Metrics for JetBlue here>>>Shares of JetBlue have returned -13.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.