Zacks Research Raises Earnings Estimates for JetBlue Airways

JetBlue Airways Co. (NASDAQ:JBLU) – Equities research analysts at Zacks Research raised their Q3 2026 earnings estimates for shares of JetBlue Airways in a note issued to investors on Wednesday, April 2nd. Zacks Research analyst M. Basu now expects that the transportation company will post earnings of $0.10 per share for the quarter, up from their previous forecast of $0.09. The consensus estimate for JetBlue Airways’ current full-year earnings is ($0.69) per share. Zacks Research also issued estimates for JetBlue Airways’ Q3 2026 earnings at $0.10 EPS, Q1 2027 earnings at $0.12 EPS, FY2027 earnings at $0.69 EPS and FY2027 earnings at $0.69 EPS.

JetBlue Airways (NASDAQ:JBLU) last released its quarterly earnings data on Tuesday, January 28th. The transportation company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.21. JetBlue Airways had a negative return on equity of 9.31% and a negative net margin of 8.57%. During the same period in the prior year, the firm earned ($0.19) earnings per share.

JBLU has been the topic of several other reports. Seaport Res Ptn cut shares of JetBlue Airways from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded JetBlue Airways from a “buy” rating to a “hold” rating and dropped their price target for the company from $9.00 to $7.00 in a research note on Tuesday, March 4th. Morgan Stanley reiterated an “equal weight” rating and set a $8.00 price objective on shares of JetBlue Airways in a report on Wednesday, December 11th. Bank of America cut their target price on JetBlue Airways from $5.25 to $4.25 and set an “underperform” rating on the stock in a research note on Thursday. Finally, Susquehanna lowered their price objective on shares of JetBlue Airways from $8.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $6.12.

JetBlue Airways Stock Performance

Shares of JetBlue Airways stock opened at $4.17 on Friday. JetBlue Airways has a 12 month low of $3.73 and a 12 month high of $8.31. The stock’s fifty day simple moving average is $6.15 and its 200 day simple moving average is $6.61. The company has a market capitalization of $1.47 billion, a PE ratio of -1.78 and a beta of 1.80. The company has a current ratio of 1.10, a quick ratio of 1.18 and a debt-to-equity ratio of 3.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of JetBlue Airways by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 32,410,772 shares of the transportation company’s stock valued at $254,749,000 after purchasing an additional 121,267 shares during the last quarter. FMR LLC boosted its position in JetBlue Airways by 14,595.7% during the fourth quarter. FMR LLC now owns 16,599,279 shares of the transportation company’s stock valued at $130,470,000 after acquiring an additional 16,486,326 shares during the last quarter. American Century Companies Inc. boosted its position in JetBlue Airways by 8.4% during the fourth quarter. American Century Companies Inc. now owns 8,771,993 shares of the transportation company’s stock valued at $68,948,000 after acquiring an additional 678,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in JetBlue Airways by 18.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,725,671 shares of the transportation company’s stock worth $52,864,000 after acquiring an additional 1,063,929 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of JetBlue Airways by 88.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,513,751 shares of the transportation company’s stock worth $36,170,000 after acquiring an additional 2,584,350 shares in the last quarter. 83.71% of the stock is owned by institutional investors.

Insider Transactions at JetBlue Airways

In other news, Director Nik Mittal purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were purchased at an average cost of $6.14 per share, with a total value of $614,000.00. Following the completion of the purchase, the director now owns 116,443 shares of the company’s stock, valued at $714,960.02. This trade represents a 608.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ursula L. Hurley sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $7.50, for a total transaction of $112,500.00. Following the sale, the chief financial officer now directly owns 41,833 shares in the company, valued at $313,747.50. The trade was a 26.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.18% of the company’s stock.

About JetBlue Airways

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.