JetBlue Airways Corp. (NASDAQ:JBLU) Beats Estimates for Q4

Posted by George Brook January 30, 2014 0 Comment 639 views

JetBlue Airways Corp. (NASDAQ:JBLU) recently issued their quarterly earnings reports for the fourth quarter of 2013. An EPS of $0.14 for the current quarter was reported, which beat the Thomson Reuters estimate by $0.01, which was projected at around $0.13. The revenue for the company for the fourth quarter was $1.40 billion, which also surpassed consensus estimates of $1.35 billion.

Analysts take

Quite a few research firms have had something to say about JetBlue. Analysts at Raymond James recently downgraded the shares for JetBlue Airways Corp. (NASDAQ:JBLU) from a market performing stock to an under performing stock. As far as other ratings go, analysts from Imperial Capital posted a Buy rating for the stock. Four analysts have assigned a hold rating for JetBlue Airways and four have issued a buy rating.

2014 looks bright

JetBlue Airways like most other aircraft operators is looking at a good year in 2014. It is expected that the demand for commercial as well as non commercial aircraft will go up and this will benefit passenger airlines like JetBlue as well. JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline operating company that primarily focuses on point to point routes. It has a fleet of 120 Airbus A320 aircraft and around 50 EMBRAER 190 aircraft.

On the latest day of trading, the shares of JetBlue Airways Corp opened up at $8.74. The one year low for the share value for JetBlue stands at $5.70 and the 52 week high is around $9.45. The 50 day moving average for the stock is around $8.76 and the average for 200 days is around $7.4. The company has a net market cap of around $2.468 billion and a P/E ratio of around 22.50.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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