Advertisement
Canada markets closed

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7321
    -0.0002 (-0.03%)
     

  • CRUDE OIL

    83.85
    +0.28 (+0.34%)
     

  • Bitcoin CAD

    87,983.10
    +292.56 (+0.33%)
     

  • CMC Crypto 200

    1,391.03
    +8.46 (+0.61%)
     

  • GOLD FUTURES

    2,346.00
    +3.50 (+0.15%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,767.75
    +200.25 (+1.14%)
     

  • VOLATILITY

    15.37
    -0.60 (-3.76%)
     

  • FTSE

    8,078.86
    +38.48 (+0.48%)
     

  • NIKKEI 225

    37,780.35
    +151.87 (+0.40%)
     

  • CAD/EUR

    0.6826
    +0.0005 (+0.07%)
     

Compared to Estimates, JetBlue (JBLU) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2 min read

For the quarter ended March 2023, JetBlue Airways (JBLU) reported revenue of $2.33 billion, up 34.1% over the same period last year. EPS came in at -$0.34, compared to -$0.80 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.32 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +10.53%, with the consensus EPS estimate being -$0.38.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

Here is how JetBlue performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Load factor: 79.8% versus 82.7% estimated by four analysts on average.

  • Average fuel cost per gallon: $3.50 versus the three-analyst average estimate of $3.42.

  • Yield per passenger mile: 16.31 cents versus 15.77 cents estimated by three analysts on average.

  • Revenue passenger miles: 13375 million versus the three-analyst average estimate of 13679.88 million.

  • Passenger revenue per ASM: 13.01 cents compared to the 12.99 cents average estimate based on three analysts.

  • Operating revenue per ASM: 13.88 cents compared to the 13.88 cents average estimate based on three analysts.

  • Available seat miles: 16769 million versus the three-analyst average estimate of 16594.45 million.

  • Operating Revenues- Passenger: $2.18 billion versus the four-analyst average estimate of $2.16 billion. The reported number represents a year-over-year change of +36.1%.

  • Operating Revenues- Other: $146 million versus the four-analyst average estimate of $149.53 million. The reported number represents a year-over-year change of +9.8%.

View all Key Company Metrics for JetBlue here>>>

Shares of JetBlue have remained unchanged over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research