Azul (AZUL) Scheduled to Post Earnings on Thursday

Azul (NYSE:AZUL) is scheduled to be announcing its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Azul (NYSE:AZUL) last issued its quarterly earnings data on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to analysts’ expectations of $791.43 million. During the same period last year, the firm posted ($0.81) EPS. On average, analysts expect Azul to post $-2 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Azul Stock Down 0.7 %

Azul stock opened at $2.66 on Tuesday. Azul has a 12-month low of $2.02 and a 12-month high of $11.26. The stock has a 50-day simple moving average of $2.94 and a 200 day simple moving average of $4.16. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of -0.28 and a beta of 1.99.

Analyst Upgrades and Downgrades

AZUL has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Azul from a “buy” rating to a “neutral” rating and decreased their price target for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Hsbc Global Res raised Azul to a “hold” rating in a research note on Thursday, September 5th. Deutsche Bank Aktiengesellschaft cut their price target on Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Seaport Res Ptn lowered Azul from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Barclays dropped their price objective on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $6.59.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.