JetBlue Sees Q4 Adj. EPS $(0.55)-$(0.35) vs $(0.15) Est., Est. Fuel Price Per Gallon $3.05-$3.20
Portfolio Pulse from Bill Haddad
JetBlue forecasts Q4 adjusted EPS to be between $(0.55) and $(0.35), which is significantly lower than the estimated $(0.15). The estimated fuel price per gallon is expected to be between $3.05 and $3.20.
October 31, 2023 | 10:32 am
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NEGATIVE IMPACT
JetBlue's Q4 adjusted EPS is expected to be lower than the estimated $(0.15), which could negatively impact the company's stock price.
JetBlue's lower than expected Q4 adjusted EPS forecast could lead to a decrease in investor confidence, potentially causing a drop in the company's stock price. The higher estimated fuel price could also increase the company's operating costs, further impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100