JetBlue Airways Earnings: Here’s Why Investors are Not Excited Now

JetBlue Airways Corporation (NASDAQ:JBLU) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

JetBlue Airways Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 44.44% to $0.05 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 7.98% to $1.3 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: JetBlue Airways Corporation reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.09. It beat the average revenue estimate of $1.29 billion.

Quoting Management: “Thanks to the hard work of our dedicated crewmembers, we reported our twelfth consecutive quarter of profitability,” said Dave Barger, JetBlue’s President and Chief Executive Officer. “First quarter results were solid but below those of a year ago, primarily due to Hurricane Sandy-related demand weakness in the Northeast during the peak Presidents’ Day travel period and higher than expected maintenance costs during the quarter. While the first quarter was challenging, we remain focused on achieving sustainable, profitable growth and are optimistic about the rest of the year.”

Key Stats (on next page)…

Revenue increased 8.79% from $1.19 billion in the previous quarter. EPS increased to $0.05 in the quarter versus EPS of $0.00 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.19 to a profit $0.20. For the current year, the average estimate has moved down from a profit of $0.61 to a profit of $0.59 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , , ,  

More from The Cheat Sheet