JetBlue Is Still on Track for Huge Profit Growth
Last month, JetBlue Airways (NASDAQ: JBLU) reported strong second-quarter earnings and offered a bullish forecast for the third quarter. Investors were pleased, sending JetBlue stock modestly higher, and most analysts raised their full-year earnings estimates for 2019 and 2020.
That said, even after these forecast revisions, the average analyst estimate for 2020 earnings per share stands at just $2.45. While that would be a huge improvement over JetBlue's 2018 adjusted EPS of $1.55, it still implies that the company will fall short of its 2020 EPS guidance range of $2.50 to $3.00. Furthermore, JetBlue stock trades for just eight times the average analyst estimate, suggesting that many investors have even gloomier outlooks.
However, JetBlue has several major earnings growth drivers set to ramp up over the next few quarters. This could allow the company to exceed analysts' expectations in 2020 -- and continue to deliver strong earnings growth in 2021 and beyond.
Quelle Fool.com
