JetBlue Airways Corporation JBLU reported fourth-quarter 2017 earnings per share (excluding $1.76 from non-recurring items) of 32 cents, missing the Zacks Consensus Estimate of 34 cents. Earnings decreased 36% on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the earnings estimate revisions for JetBlue Airways depicted a healthy picture prior to the earnings release. The stock had seen the Zacks Consensus Estimate for fourth-quarter earnings being revised 3% over the last 30 days.
The company also has an impressive earnings history having outperformed the Zacks Consensus Estimate in each of the last four quarters with an average beat of 6.6%.
Revenues In Line
JetBlue Airways recorded revenues of $1,756 million, in-line the Zacks Consensus Estimate. Revenues increased 7% from the year ago figure.
JetBlue Airways Corporation Price and EPS Surprise
JetBlue Airways Corporation Price and EPS Surprise | JetBlue Airways Corporation Quote
Key Stats to Note: The airline witnessed a 0.8% rise in consolidated passenger revenue per available seat mile (PRASM: a key measure of unit revenue) in the quarter. For the first quarter of 2018, the carrier expects revenue per available seat mile (RASM) to rise between 2.5% and 5.5%. First-quarter unit costs, excluding fuel is estimated to increase in the band of 2-4%. While capacity is expected to increase between 3.5% and 5.5% in the first quarter.
Zacks Rank: Currently, JetBlue Airways has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this JetBlue Airways earnings report later!
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