Azul SA (NASDAQ:AZUL) is scheduled to be announcing its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.29 per share for the quarter.
Azul SA (NASDAQ:AZUL) last issued its earnings results on Monday, August 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.11). The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.75 billion. Azul SA had a negative return on equity of 8.12% and a negative net margin of 1.97%. Azul SA’s revenue was up 19.4% compared to the same quarter last year. On average, analysts expect Azul SA to post $0.63 EPS for the current fiscal year and $1.38 EPS for the next fiscal year.
Several analysts recently commented on the stock. Buckingham Research upped their price target on shares of Azul SA from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of Azul SA from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, BidaskClub downgraded shares of Azul SA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $32.25.
About Azul SA
Azul SA is a Brazil-based company engaged in the provision of passenger transportation services. The Company primarily acts as an airline operator under the Azul brand name. The Company provides scheduled flights between numerous cities in Brazil, including Sao Paulo, Brasilia, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Manaus, Cuiaba, Fortaleza and Salvador, among others.
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