The 10-second takeaway
For the quarter ended Dec. 31 (Q4), JetBlue Airways met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped to zero.
Margins dropped across the board.
JetBlue Airways tallied revenue of $1.19 billion. The eight analysts polled by S&P Capital IQ anticipated a top line of $1.21 billion on the same basis. GAAP reported sales were 4.2% 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.
EPS came in at $0.00. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.02 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.08.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 26.1%, 290 basis points worse than the prior-year quarter. Operating margin was 3.7%, 350 basis points worse than the prior-year quarter. Net margin was 0.1%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.29 billion. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $5.44 billion. The average EPS estimate is $0.59.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 946 members out of 1,154 rating the stock outperform, and 208 members rating it underperform. Among 290 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 give JetBlue Airways a green thumbs-up, and 45 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 $6.86.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.