Zacks Research Estimates Azul’s Q4 Earnings (NYSE:AZUL)

Azul S.A. (NYSE:AZUL) – Analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Azul in a research report issued to clients and investors on Thursday, November 28th. Zacks Research analyst S. Goswami now forecasts that the company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.10. The consensus estimate for Azul’s current full-year earnings is ($1.64) per share. Zacks Research also issued estimates for Azul’s Q3 2026 earnings at $0.28 EPS.

A number of other equities analysts also recently commented on AZUL. The Goldman Sachs Group downgraded Azul from a “buy” rating to a “neutral” rating and decreased their target price for the company from $6.70 to $4.00 in a research note on Monday, September 23rd. Barclays cut their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a report on Monday, August 19th. Hsbc Global Res raised Azul to a “hold” rating in a report on Thursday, September 5th. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a report on Thursday, September 5th. Finally, Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $6.59.

Azul Stock Down 3.0 %

Shares of AZUL stock opened at $2.28 on Monday. The business has a 50 day moving average of $2.93 and a two-hundred day moving average of $3.81. Azul has a 52 week low of $2.02 and a 52 week high of $10.62. The company has a market cap of $961.18 million, a P/E ratio of -0.33 and a beta of 1.99.

Hedge Funds Weigh In On Azul

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Long Focus Capital Management LLC grew its holdings in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after acquiring an additional 2,295,000 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock valued at $2,395,000 after acquiring an additional 575,344 shares in the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of Azul by 13,831.7% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after acquiring an additional 290,465 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Azul during the 3rd quarter valued at $614,000. Finally, Centiva Capital LP grew its holdings in shares of Azul by 205.3% during the 3rd quarter. Centiva Capital LP now owns 201,290 shares of the company’s stock valued at $692,000 after acquiring an additional 135,365 shares in the last quarter. 0.82% of the stock is currently owned by hedge funds and other institutional investors.

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.