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JetBlue Airways Corporation (JBLU - Free Report) reported first-quarter 2018 earnings per share of 27 cents, beating the Zacks Consensus Estimate of 22 cents. Earnings increased 8% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for JetBlue Airways depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 15.8% upward over the last 30 days.
The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 4.6%.
Revenues Lower-Than-Expected
JetBlue Airways recorded revenues of $1,754 million, marginally below the Zacks Consensus Estimate of $1,757.6 million. Revenues increased 9.6% from the year ago figure.
JetBlue Airways Corporation Price and EPS Surprise
Key Stats to Note: The airline witnessed a 5.3% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the second quarter of 2018, the carrier expects revenue per available seat mile (RASM) to rise between (3)% and 0%. Second-quarter unit costs, excluding fuel is estimated to increase in the band of 2-4%. While capacity is expected to increase between 5% and 7% in the second quarter.
For 2018, the carrier expects non-fuel unit costs to be down 1% to up 1% year over year. While capacity for the year is anticipated to rise between 6.5% and 8.5%.
Stock Price: The earnings beat pleased the investors. Consequently shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
JetBlue Airways (JBLU) Beats on Q1 Earnings
JetBlue Airways Corporation (JBLU - Free Report) reported first-quarter 2018 earnings per share of 27 cents, beating the Zacks Consensus Estimate of 22 cents. Earnings increased 8% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for JetBlue Airways depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for first-quarter earnings being revised 15.8% upward over the last 30 days.
The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in three of the last four quarters with an average beat of 4.6%.
Revenues Lower-Than-Expected
JetBlue Airways recorded revenues of $1,754 million, marginally below the Zacks Consensus Estimate of $1,757.6 million. Revenues increased 9.6% from the year ago figure.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation Price and EPS Surprise | JetBlue Airways Corporation Quote
Key Stats to Note: The airline witnessed a 5.3% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the second quarter of 2018, the carrier expects revenue per available seat mile (RASM) to rise between (3)% and 0%. Second-quarter unit costs, excluding fuel is estimated to increase in the band of 2-4%. While capacity is expected to increase between 5% and 7% in the second quarter.
For 2018, the carrier expects non-fuel unit costs to be down 1% to up 1% year over year. While capacity for the year is anticipated to rise between 6.5% and 8.5%.
Zacks Rank: Currently, JetBlue Airways has a Zacks Rank #3 (Hold) 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.
Stock Price: The earnings beat pleased the investors. Consequently shares of the company were up in pre-market trading at the time of writing.
Check back later for our full write up on this JetBlue Airways earnings report later!
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>