JetBlue Airways (Nasdaq: JBLU ) is expected to report Q3 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict JetBlue Airways's revenues will increase 9.6% and EPS will expand 16.7%.
The average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.14.
Last quarter, JetBlue Airways reported revenue of $1.28 billion. GAAP reported sales were 11% higher than the prior-year quarter's $1.15 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.16. GAAP EPS of $0.16 for Q2 were 100% higher than the prior-year quarter's $0.08 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 29.1%, 100 basis points better than the prior-year quarter. Operating margin was 9.4%, 190 basis points better than the prior-year quarter. Net margin was 4.1%, 190 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $5.02 billion. The average EPS estimate is $0.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 948 members out of 1,156 rating the stock outperform, and 208 members rating it underperform. Among 272 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 give JetBlue Airways a green thumbs-up, and 50 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JetBlue Airways is hold, with an average price target of $7.13.