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The market expects JetBlue Airways (JBLU) to ship a year-over-year improve in earnings on greater revenues when it reviews outcomes for the quarter ended December 2019. This widely-known consensus outlook is essential in assessing the corporate’s earnings image, however a robust issue that may affect its near-term inventory worth is how the precise outcomes examine to those estimates.
The earnings report, which is anticipated to be launched on January 23, 2020, may assist the inventory transfer greater if these key numbers are higher than expectations. Then again, in the event that they miss, the inventory could transfer decrease.
Whereas the sustainability of the rapid worth change and future earnings expectations will largely depend upon administration’s dialogue of enterprise circumstances on the earnings call, it is value handicapping the chance of a optimistic EPS shock.
Zacks Consensus Estimate
This airline is anticipated to publish quarterly earnings of $0.56 per share in its upcoming report, which represents a year-over-year…