JetBlue Airways Corporation (JBLU) is expected to report Q4 earnings before market open Thursday, January 29, with a conference call scheduled for 9:30 am ET.
Analysts are looking for EPS of (2c) on revenue of $807.82M. There is a wide consensus range of (9c)-4c for EPS, and $791M-$836M for revenue, according to First Call. JetBlue CEO stated after the company reported its Q3 results it sees continued strength in near-term bookings. The company also expects Q4 aircraft fuel cost per gallon $2.81, net of hedges, and sees Q4 operating margin 5%-7%. The company's shares have risen 28.14% since it reported Q3 earnings. The shares have climbed to $6.42 from $5.01.
JetBlue was downgraded to Neutral from Buy at BofA/Merrill in early January. The firm cites the recent strength in shares for the downgrade. However in mid-January Barclays raised its estimates for the Airline sector, expecting increased earnings power from the Airlines given reduced capacity reductions and fuel cost declines. The firm named JetBlue as one of its top picks.