Why Is JetBlue (JBLU) Up 19.7% Since Last Earnings Report?

Core Viewpoint - JetBlue Airways has seen a 19.7% increase in share price over the past month, outperforming the S&P 500, but recent estimates indicate a downward trend leading to concerns about future performance [1]. Group 1: Earnings Report and Estimates - The consensus estimate for JetBlue has shifted downward by 189.12% over the past month, indicating a significant negative adjustment in expectations [2]. - The stock currently holds a Zacks Rank of 4 (Sell), suggesting expectations of below-average returns in the coming months [4]. Group 2: VGM Scores - JetBlue has a Growth Score of B, a Momentum Score of C, and a Value Score of C, resulting in an aggregate VGM Score of C, placing it in the middle 20% for investment strategies [3]. Group 3: Industry Performance - JetBlue is part of the Zacks Transportation - Airline industry, where American Airlines has gained 14.9% over the past month, despite reporting a slight revenue decline of 0.2% year-over-year [5]. - American Airlines is expected to report earnings of $0.77 per share for the current quarter, reflecting a year-over-year decline of 29.4%, and holds a Zacks Rank of 5 (Strong Sell) [6].