JetBlue Airways Corporation (JBLU) is to report second-quarter fiscal’15 earnings tomorrow, before the open, July 28. Checking in on the numbers, the Street’s estimates for the quarter reflect an expected profit of $0.44 per share, up from $0.19 in the same quarter last year. Revenue is projected to post an 8% year-over-year increase to $1.62 billion from $1.50 billion a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.45 per share.
As a quick reminder, the air carrier reported 1Q/15 EPS of $0.40, $0.01 better than the Street’s consensus estimate. Revs increased 15.38% yoy to $1.50 billion versus the $1.52 billion consensus.
Long Island City, NY-based Jetblue, currently valued at $7 billion, has a high Wall Street price target of $28, which reflects a return potential of 25% over the last closing price of the stock.
Jetblue shares have advanced 8.76% in the last 4 weeks and 14.28% in the past three months. Over the past 5 trading sessions the stock has lost less than one percent. Shares of JetBlue Airways Corporation are up 43.32% year-to-date.
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