JetBlue Earnings On The Horizon: Analyst Downgrades Stock As Carrier Faces Cost Cuts

by Erica Kollmann Benzinga Staff Writer

Zinger Key Points

Analysts expect JetBlue to report a quarterly loss of 31 cents per share and revenue of $2.25 billion.
JetBlue shares have gained more than 45% over the past year and are trading near their 52-week high of $8.31.
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JetBlue Airways Corp. JBLU is set to report its fourth-quarter financial results on Tuesday before the market opens. Here's a look at some of the airline’s key metrics and analysts' expectations for the quarter.

What To Watch: JetBlue investors will be interested in the airline's available seat miles and operating revenue per available seat mile (RASM) which was 13.67 cents in the third quarter.

Investors will also be watching for updates on the company’s cost-cutting measures and network optimization efforts, as the airline is set to deliver another unprofitable quarter.

In mid-January, BofA Securities analyst Andrew Didora downgraded JetBlue Airways from Neutral to Underperform and maintained a price target of $6.50 on the stock.

The three most recent analyst ratings were released from BofA Securities, Susquehanna and Citigroup and have an average price target of $7.37 with an implied 9.11% downside risk for JetBlue from current levels.

According to estimates from Benzinga Pro, analysts expect JetBlue to report a quarterly loss of 31 cents per share and revenue of $2.25 billion. The airline has beat analysts' expectations on the top and bottom lines in each of the past four consecutive quarters.

JetBlue shares have gained more than 45% over the past year and are trading near their 52-week high of $8.31 heading into earnings.

Price Action: According to data from Benzinga Pro, JetBlue shares are down 0.57% at $8.02 at the time of publication Monday.

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