Looking for a inventory that has been persistently beating earnings estimates and is likely to be n
Looking for a inventory that has been persistently beating earnings estimates and is likely to be nicely positioned to maintain the streak alive in its subsequent quarterly report? JetBlue Airways (JBLU), which belongs to the Zacks Transportation – Airline trade, may very well be an important candidate to think about.
When wanting on the final two studies, this airline has recorded a powerful streak of surpassing earnings estimates. The corporate has topped estimates by 19.30%, on common, within the final two quarters.
For the latest quarter, JetBlue was anticipated to submit earnings of $0.57 per share, nevertheless it reported $0.60 per share as an alternative, representing a shock of 5.26%. For the earlier quarter, the consensus estimate was $0.12 per share, whereas it really produced $0.16 per share, a shock of 33.33%.
Worth and EPS Shock
For JetBlue, estimates have been trending larger, thanks partly to this earnings shock historical past. And once you take a look at the inventory’s optimistic Zacks Earnings ESP (Anticipated Shock Prediction), it is an important…