JetBlue Airways (JBLU) Stock Advancing Ahead of Q2 Results

JetBlue Airways (JBLU) stock is rising in afternoon trading Friday, as the company prepares to file its second quarter results before Tuesday's market open.
By Annie Palmer ,

NEW YORK (TheStreet) -- Shares of JetBlue Airways (JBLU) - Get Report are increasing by 0.80% to $17.54 in afternoon trading Friday, as the NYC-based airline service expects to post fiscal 2016 second quarter results before Tuesday's opening bell. 

Analysts surveyed by Thomson Reuters project the company will report earnings of 49 cents per share on revenue of $1.65 billion. 

JetBlue Airways reported earnings of 44 cents per share on revenue of $1.6 billion for the same quarter last year.  

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:

We rate JETBLUE AIRWAYS CORP as a Buy with a ratings score of B. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: JBLU

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