JetBlue Airways Corporation (NASDAQ:JBLU) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
The investors in JetBlue Airways Corporation's (NASDAQ:JBLU) will be rubbing their hands together with glee today, after the share price leapt 22% to US$6.07 in the week following its second-quarter results. The results overall were pretty much dead in line with analyst forecasts; revenues were US$2.7b and statutory losses were US$0.66 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Following the latest results, JetBlue Airways' 14 analysts are now forecasting revenues of US$10.4b in 2026. This would be a solid 9.2% improvement in revenue compared to the last 12 months. Losses are expected to be contained, narrowing 13% from last year to US$2.04. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$10.3b and losses of US$1.97 per share in 2026. Overall it looks as though the analysts were a bit mixed on the latest consensus updates. Although revenue forecasts held steady, the consensus also made a moderate increase in its losses per share forecasts.
See our latest analysis for JetBlue Airways
As a result, there was no major change to the consensus price target of US$5.77, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on JetBlue Airways, with the most bullish analyst valuing it at US$8.00 and the most bearish at US$3.50 per share. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting JetBlue Airways' growth to accelerate, with the forecast 19% annualised growth to the end of 2026 ranking favourably alongside historical growth of 8.9% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.0% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect JetBlue Airways to grow faster than the wider industry.
The Bottom Line
The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at JetBlue Airways. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at US$5.77, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for JetBlue Airways going out to 2028, and you can see them free on our platform here.
We don't want to rain on the parade too much, but we did also find 2 warning signs for JetBlue Airways that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.