JetBlue Airways Corp (NASDAQ: JBLU) has reported E.P.S. of $-0.17 for its third fiscal quarter (ending September 30) versus $-0.46 for the same period a year ago — a decline of -63%. E.P.S. were $-2.49 for the latest four quarters through September 30 versus $-0.56 for the same period a year ago — an increase of 345%.
Recent Price Action
JetBlue Airways Corp (NASDAQ: JBLU) stock closed at $6.07 on 10/29/24 after a major decline of -17.1%. Moreover, trading volume in this decline was exceptionally high at 278% of normal. The stock has declined -19.7% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, JBLU is expected to continue to be a modest Value Builder.
JetBlue Airways has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. JetBlue Airways has a good Appreciation Score of 84 but a slightly negative Power Rating of 34, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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