We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AZUL Set to Report Q3 Earnings: What's in the Offing for the Stock?
Read MoreHide Full Article
AZUL is scheduled to report third-quarter 2024 results on Nov. 14, before market open.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
AZUL has a discouraging earnings surprise history, having missed the Zacks Consensus Estimate in each of the trailing four quarters. The average miss is 62.86%.
The Zacks Consensus Estimate of a loss in the soon-to-be-reported quarter is currently pegged at 14 cents per share, compared with a loss of 4 cents 30 days ago. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $963 million, which indicates a fall of 4.4% year over year.
High operating expenses are likely to have hurt the bottom-line performance in the to-be-reported quarter. Per our estimate, the total operating expenses are expected to increase 3.3% year over year. High labor and fuel costs are likely to have led to an uptick in operating costs. Low liquidity is also likely to hurt results.
On the contrary, the upbeat air travel demand is expected to have contributed to the company’s prospects in the September-end quarter.
What Our Model Says About AZUL
Our proven model does not conclusively predict an earnings beat for AZUL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
AZUL has an Earnings ESP of -298.55% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of AZUL's Q2 Results
Azul incurred a loss of $1.23 per share in the second quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 76 cents. Loss per share was 81 cents in the second quarter of 2023.
Total revenues of $800.7 million outpaced the Zacks Consensus Estimate of $791.4 million but declined year over year. The year-over-year downfall is owing to the impact of the Rio Grande do Sul floods in May and the temporary reduction in the company’s international capacity.
A Stock to Consider
Here is a stock from the broader Zacks Transportation sector that investors might want to consider, as our model shows that this stock has the right combination of elements to beat third-quarter 2024 earnings.
The company is scheduled to report third-quarter 2024 earnings on Nov. 20.
ZIM has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate twice in the preceding four quarters and missing twice. The average miss is 0.3%.
Q3 Performances of Other Transportation Companies
Delta Air Lines (DAL - Free Report) reported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis due to high labor costs.
Revenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted operating revenues (excluding third-party refinery sales) totaled $14.59 billion, flat year over year. This included the $380 million impact of the outage caused by CrowdStrike.
Norfolk Southern Corporation’s (NSC - Free Report) third-quarter 2024 earnings (excluding $1.6 from non-recurring items) of $3.25 per share beat the Zacks Consensus Estimate of $3.10 and increased 22.6% year over year due to lower costs.
Railway operating revenues were $3.05 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.09 billion. However, the top line increased 2.7% year over year, with the Merchandise and Intermodal segments registering an improvement in revenues.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AZUL Set to Report Q3 Earnings: What's in the Offing for the Stock?
AZUL is scheduled to report third-quarter 2024 results on Nov. 14, before market open.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
AZUL has a discouraging earnings surprise history, having missed the Zacks Consensus Estimate in each of the trailing four quarters. The average miss is 62.86%.
AZUL Price and EPS Surprise
AZUL price-eps-surprise | AZUL Quote
The Zacks Consensus Estimate of a loss in the soon-to-be-reported quarter is currently pegged at 14 cents per share, compared with a loss of 4 cents 30 days ago. Meanwhile, the Zacks Consensus Estimate for revenues is pegged at $963 million, which indicates a fall of 4.4% year over year.
High operating expenses are likely to have hurt the bottom-line performance in the to-be-reported quarter. Per our estimate, the total operating expenses are expected to increase 3.3% year over year. High labor and fuel costs are likely to have led to an uptick in operating costs. Low liquidity is also likely to hurt results.
On the contrary, the upbeat air travel demand is expected to have contributed to the company’s prospects in the September-end quarter.
What Our Model Says About AZUL
Our proven model does not conclusively predict an earnings beat for AZUL this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
AZUL has an Earnings ESP of -298.55% and a Zacks Rank #3 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Highlights of AZUL's Q2 Results
Azul incurred a loss of $1.23 per share in the second quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 76 cents. Loss per share was 81 cents in the second quarter of 2023.
Total revenues of $800.7 million outpaced the Zacks Consensus Estimate of $791.4 million but declined year over year. The year-over-year downfall is owing to the impact of the Rio Grande do Sul floods in May and the temporary reduction in the company’s international capacity.
A Stock to Consider
Here is a stock from the broader Zacks Transportation sector that investors might want to consider, as our model shows that this stock has the right combination of elements to beat third-quarter 2024 earnings.
ZIM Integrated Shipping Services (ZIM - Free Report) has an Earnings ESP of +29.24% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
The company is scheduled to report third-quarter 2024 earnings on Nov. 20.
ZIM has a discouraging earnings surprise history, having surpassed the Zacks Consensus Estimate twice in the preceding four quarters and missing twice. The average miss is 0.3%.
Q3 Performances of Other Transportation Companies
Delta Air Lines (DAL - Free Report) reported third-quarter 2024 earnings (excluding 47 cents from non-recurring items) of $1.50 per share, which fell short of the Zacks Consensus Estimate of $1.56. Earnings decreased 26.11% on a year-over-year basis due to high labor costs.
Revenues of $15.68 billion surpassed the Zacks Consensus Estimate of $15.37 billion and increased 1.2% on a year-over-year basis, driven by strong air travel demand. Adjusted operating revenues (excluding third-party refinery sales) totaled $14.59 billion, flat year over year. This included the $380 million impact of the outage caused by CrowdStrike.
Norfolk Southern Corporation’s (NSC - Free Report) third-quarter 2024 earnings (excluding $1.6 from non-recurring items) of $3.25 per share beat the Zacks Consensus Estimate of $3.10 and increased 22.6% year over year due to lower costs.
Railway operating revenues were $3.05 billion in the quarter under review, lagging the Zacks Consensus Estimate of $3.09 billion. However, the top line increased 2.7% year over year, with the Merchandise and Intermodal segments registering an improvement in revenues.