Why JetBlue Stock Is Flying High on Tuesday
Shares of JetBlue (NASDAQ: JBLU) were soaring Tuesday, up by 17% as of 1 p.m. ET after the discount airline landed a surprise profit in the middle of Wall Street before the opening bell.
Heading into the quarterly report, the consensus view among analysts was that the airline would lose $0.11 per share on $2.4 billion in revenue in Q2. They were right about the revenues -- but instead of losing money, JetBlue delivered an $0.08 per share profit.
Granted, that $0.08 profit was an adjusted number -- but so was Wall Street's estimate. However, the company's generally accepted accounting principles (GAAP) profit didn't land too far off that mark at $0.07 per share. That's still a heck of a lot better than a loss of any size.
Source Fool.com
Jetblue Airways Corp. Stock
€4.02
2.470%
The sentiment is rather negative at the moment with 11 Sell predictions and 1 Buy predictions.
A potential of -25.4%, resulting from comparing the current price of 4.02 € with the target price of 3 € for Jetblue Airways Corp., shows the chance of incurring significant losses.
