JetBlue Airways (JBLU) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Core Viewpoint - JetBlue Airways is anticipated to report a year-over-year decline in earnings due to lower revenues, with a consensus estimate of a quarterly loss of $0.16 per share, reflecting a -135.6% change from the previous year [1][2] Financial Performance Expectations - Revenues for JetBlue are expected to be $2.4 billion, which is an 8.2% decrease compared to the same quarter last year [2] - The consensus EPS estimate has been revised 7.99% higher in the last 30 days, indicating a reassessment by analysts [2] Earnings Surprise Prediction - The Zacks Earnings ESP for JetBlue is +22.96%, suggesting a higher Most Accurate Estimate compared to the Zacks Consensus Estimate, indicating bullish sentiment among analysts [5] - JetBlue holds a Zacks Rank of 3, which indicates a hold rating [5][6] Historical Performance - In the last reported quarter, JetBlue was expected to post a loss of $0.53 per share but actually reported a loss of $0.43, resulting in a positive surprise of +18.87% [7] - Over the past four quarters, JetBlue has beaten consensus EPS estimates three times [7] Industry Context - Hawaiian Holdings, another player in the airline industry, is expected to report a loss of $1.27 per share, indicating a year-over-year change of -170.2%, with revenues projected at $749.3 million, up 6% from the previous year [9] - Hawaiian Holdings has a negative Earnings ESP of -15.75% and a Zacks Rank of 3, making it difficult to predict an earnings beat [9]