We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
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.
JetBlue Airways Corporation (JBLU - Free Report) is a low-cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates multiple flights and carries more than 30 million customers annually to various destinations in the United States, Caribbean, and Latin America.
The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 4.3%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #5 (Strong Sell) but that could change following the company’s earnings report which was just released.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: JetBlue’s earnings of 55 cents per share beat the Zacks Consensus Estimate of 52 cents. Earnings declined 5.2% from the year ago figure due to higher costs. Fuel price per gallon increased 14.6% to $1.69 per gallon. The recent hurricanes also hurt results.
JetBlue Airways Corporation Price and EPS Surprise
Revenue: Operating revenues came in at $1,813 million, just ahead of the Zacks Consensus Estimate of $1,809.3 million. Revenues increased 4.7% from the year-ago figure. Passenger revenues, which accounted for bulk of the top line (89.5%), improved 3.3% in the third quarter of 2017. Other revenues increased 18.2%.
Key Stats to Note: For the fourth quarter of 2017, the carrier expects capacity to increase between 4.5% and 5.5%. For the full-year 2017 the metric is expected to increase in the range of 4% to 5%. Consolidated operating cost per available seat mile, excluding fuel, is expected to grow in the band of 5% to 7% in the final quarter of 2017. For the full-year 2017 the metric is still expected to grow in the range of 4% to 5%. Operating revenue per available seat mile (RASM) is projected to grow in the range between -3% and 0% on a year-over-year basis in the fourth quarter. Fuel price, inclusive of hedges and fuel taxes, is projected at $1.83 per gallon in the fourth quarter.
Stock Price: The year-over-year decline in earnings per share displeased the investors. Consequently, shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
JetBlue (JBLU) Beats on Q3 Earnings
JetBlue Airways Corporation (JBLU - Free Report) is a low-cost carrier which is based in Long Island City, NY. The carrier, founded in 1998, operates multiple flights and carries more than 30 million customers annually to various destinations in the United States, Caribbean, and Latin America.
The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 4.3%.
Zacks Rank: Currently, JetBlue has a Zacks Rank #5 (Strong Sell) but that could change following the company’s earnings report which was just released.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: JetBlue’s earnings of 55 cents per share beat the Zacks Consensus Estimate of 52 cents. Earnings declined 5.2% from the year ago figure due to higher costs. Fuel price per gallon increased 14.6% to $1.69 per gallon. The recent hurricanes also hurt results.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation Price and EPS Surprise | JetBlue Airways Corporation Quote
Revenue: Operating revenues came in at $1,813 million, just ahead of the Zacks Consensus Estimate of $1,809.3 million. Revenues increased 4.7% from the year-ago figure. Passenger revenues, which accounted for bulk of the top line (89.5%), improved 3.3% in the third quarter of 2017. Other revenues increased 18.2%.
Key Stats to Note: For the fourth quarter of 2017, the carrier expects capacity to increase between 4.5% and 5.5%. For the full-year 2017 the metric is expected to increase in the range of 4% to 5%. Consolidated operating cost per available seat mile, excluding fuel, is expected to grow in the band of 5% to 7% in the final quarter of 2017. For the full-year 2017 the metric is still expected to grow in the range of 4% to 5%. Operating revenue per available seat mile (RASM) is projected to grow in the range between -3% and 0% on a year-over-year basis in the fourth quarter. Fuel price, inclusive of hedges and fuel taxes, is projected at $1.83 per gallon in the fourth quarter.
Stock Price: The year-over-year decline in earnings per share displeased the investors. Consequently, shares of the company were down in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>