Categories Analysis, LATEST

Earnings preview: What to look for when JetBlue reports Q2 2019 results

JetBlue Airways Corporation (NASDAQ: JBLU) is scheduled to report second quarter 2019 earnings results on Tuesday, July 23, before market open. The Street estimates earnings will grow 50% year-over-year to $0.57 per share while revenue is projected to increase 8% to $2.10 billion. The company has consistently topped earnings estimates in the last four quarters.

The airline has reported growth in traffic and capacity for all three months of the quarter. Revenue per available seat mile (RASM) is expected to grow around 3.1% in the second quarter from the prior-year period. This will come within the company’s guidance of 2-4%. Also, passenger revenues have not been affected much by the hike in baggage fees last year.

JetBlue Airways Corporation (NASDAQ: JBLU) reported a 54% dip in earnings for the first quarter of 2019.

The company is also expected to benefit from lower oil prices which is likely to help margins. JetBlue has been relatively unaffected by the Boeing crisis as the company does not have any Boeing 737 Max jets in its fleet. However fluctuations in its load factor remain a concern.

In the first quarter of 2019, JetBlue beat earnings estimates despite adjusted EPS falling 38% to $0.16. Revenue increased 7% to $1.87 billion. RASM declined 3.1% year-over-year while cost per available seat mile (CASM), ex-fuel, rose 0.9%.  

For the second quarter of 2019, capacity is expected to increase between 4.5% and 6.5% year-over-year. For full-year 2019, capacity is expected to grow in the range of 1% to 4%. JetBlue is expected to see a 6.5% growth in revenues for fiscal-year 2019, which is higher than most of its peers in the airline industry.

JetBlue’s shares have gained 19% so far this year and 12% in the past three months. According to TipRanks, out of seven analysts covering the stock, three have rated it Buy while four have rated it Hold. None have rated it Sell. The average one-year price target on the stock is $22.21.

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational


Add Comment
Viewing Highlight