JetBlue Airways Earnings: Cruising to Lower Altitude

JetBlue Airways Corporation (NASDAQ:JBLU) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 6.10%.

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JetBlue Airways Corporation Earnings Cheat Sheet

Results: Net income decreased -95.65% to $1 million (0 cents per diluted share) in the quarter versus a net gain of $23 million in the year-earlier quarter.

Revenue: Rose 3.84% to $1.19 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: JetBlue Airways Corporation reported adjusted net loss of 0 cent per share. By that measure, the company missed the mean analyst estimate of $0.02. It missed the average revenue estimate of $1.21 billion.

Quoting Management: “Although Hurricane Sandy negatively impacted fourth quarter results, 2012 was a very good year for JetBlue,” said Dave Barger, JetBlue’s President and CEO…

…We further solidified our position as New York’s Hometown Airline while continuing to pursue profitable growth opportunities in Boston and the Caribbean & Latin America, resulting in record revenue performance.  These results reflect the hard work and dedication of our 14,000 crewmembers who deliver exceptional service to our customers every day.”

Key Stats:

Revenue decreased 9.02% from $1.31 billion in the previous quarter. Net income decreased 97.78% from $45 million in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.1 and has not changed. For the current year, the average estimate has moved down from a profit of $0.44 to a profit of $0.41 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)