JetBlue Airways Corporation (NASDAQ:JBLU) is reporting third quarter financial results on Tuesday 27th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, JBLU is expected to report 3Q20 loss of $ 2 per share from revenue of $ 457.15 million.
For the full year, analysts anticipate top line of $ 3003.22 million, while looking forward to loss of $ 5.78 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 417.20 million ~ $ 417.20 million
Full Year 2020 bottomline are predicted in a range of $ 2.50 ~ $ 3.00 per share
Click Here For More Historical Outlooks Of JetBlue Airways Corporation
Previous Quarter Performance
JetBlue Airways Corporation unveiled loss for the second quarter of $ 2.02 per share, from the revenue of $ 215.00 million. The quarterly revenues declined 89.79 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.92 per share from $ 221.85 million in revenue. The bottom line results missed street analysts by $ 0.1 or 5.21 percent, at the same time, top line results fell short of analysts by $ 6.85 million or 3.09 percent.
Stock Performance
Shares of JetBlue Airways Corporation traded up $ 0.43 or 3.31 percent on Friday, reaching $ 13.43 with volume of 12.90 million shares. JetBlue Airways Corporation has traded high as $ 13.54 and has cracked $ 12.86 on the downward trend
According to the previous trading day, closing price of $ 13.43, representing a 96.67 % increase from the 52 week low of $ 6.61 and a 39.95 % decrease over the 52 week high of $ 21.65.
The company has a market capital of $ 3.66 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 7th October 2020, upgraded by JPMorgan Chase & Co. to Overweight from Underweight rating, with $ 17.00 target price.
- On 5th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 17.00 target price.
- On 8th September 2020, initiated by Morgan Stanley at Overweight rating, with $ 16.00 target price.
Conference Call
JetBlue Airways Corporation will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.jetblue.com
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2018, the company operated a fleet of 63 Airbus A321 aircraft, 130 Airbus A320 aircraft, and 60 Embraer E190 aircraft. It also served 105 destinations in the 31 states in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S.
