UBS Raises Numbers on JetBlue Airways (JBLU); Revenue Looks Good, Cost Guidance a Drag

UBS maintains a 'Neutral' on JetBlue Airways (NASDAQ: JBLU), price target raised from $5.00 to $6.50.

UBS analyst says, "JBLU reported 4Q EPS of $0.08, which was double the $0.04 consensus estimate and even more ahead of our breakeven forecast...We're now modelling RASM growth of 8% in 1Q (up from 5.6%) and 5.6% for FY12 (up from 3%). Netted together with higher cost guidance, our 2012 EPS estimate improves to $0.57 from $0.44. Although we are comfortable with the domestic pricing environment, which favors jetBlue, we find the company’s financial performance too inconsistent to be particularly supportive of the stock."

FY12 EPS estimate raised from $0.44 to $0.57 and FY13 from $0.63 to $0.70.

For an analyst ratings summary and ratings history on JetBlue Airways click here. For more ratings news on JetBlue Airways click here.

Shares of JetBlue Airways closed at $5.80 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• JetBlue promotes Jeffrey Winter to SVP of key operations divisions
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform