JetBlue Airways Sees 3Q23 Adj. EPS $(0.20)-$0.00 Vs. $0.40 Estimate, FY23 Adj. EPS $0.05-$0.40 (Prior EPS $0.70 - $1.00) Vs. $0.78 Estimate
Portfolio Pulse from Benzinga Newsdesk
JetBlue Airways has revised its 3Q23 and FY23 outlook, with adjusted EPS for 3Q23 expected to be between $(0.20) and $0.00, compared to the previous estimate of $0.40. For FY23, the adjusted EPS is projected to be between $0.05 and $0.40, down from the prior estimate of $0.70 - $1.00. The company's CFO, Ursula Hurley, expressed confidence in managing near-term challenges and focusing on cost efficiencies.
August 01, 2023 | 10:47 am
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JetBlue Airways has lowered its 3Q23 and FY23 EPS outlook, which could negatively impact investor sentiment and potentially lead to a short-term decrease in the company's stock price.
The company's revised outlook indicates lower than previously expected earnings, which could negatively impact investor sentiment and lead to a decrease in the stock price in the short term. However, the CFO's confidence in managing near-term challenges and driving cost efficiencies could mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100