JetBlue Earnings Preview

JetBlue

is set to release its quarterly earnings results after the closing bell on Tuesday. Wall Street analysts have consensus EPS estimates of $0.02. In the year ago period, JBLU reported earnings per share of $0.03, which missed analysts estimates by $0.02. For the current quarter, the high earnings estimate is $0.08 with a low estimate calling for a loss of $0.04. On the sales front, Wall Street is expecting JBLU to report revenue of $1.12 billion. The high estimate is $1.14 billion with a low estimate of $1.08 billion. This compares to the $940 million that the company reported in last year's corresponding quarter. Earnings estimates have risen by $0.01 over the last 3 months. During that time, JBLU shares have jumped 21.15% suggesting that the Street may be looking for some upside in today's report. Year-to-date, JBLU shares have fallen a little more than 20%. Heading into this afternoon's critical earnings report, the stock is trading up 2.22% to $5.28 in a strong market.