Azul S.A. (NYSE:AZUL) is expected to report third quarter earnings results, before market open, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 1.15 per share from revenue of $ 165.93 million.
Looking ahead, the full year loss are expected at $ 4.54 per share on the revenues of $ 1047.41 million.
Previous Quarter Performance
Azul S.A. unfold loss for the second quarter of $ 0.44 per share, from the revenue of $ 74.82 million. The consensus estimates are loss of $ 0.80 per share from $ 213.58 million in revenue. The bottom line results beat street analysts by $ 0.36 or 45.00 percent, at the same time, top line results fell short of analysts by $ 138.76 million or 64.97 percent.
Stock Performance
Shares of Azul S.A. traded up $ 0.46 or 3.87 percent on Wednesday, reaching $ 12.34 with volume of 2.50 million shares. Azul S.A. has traded high as $ 12.57 and has cracked $ 11.77 on the downward trend
The closing price of $ 12.34, representing a 124.15 % increase from the 52 week low of $ 5.30 and a 73.33 % decrease over the 52 week high of $ 44.55.
The company has a market capital of $ 1.38 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 1st October 2020, upgraded by Goldman Sachs Group to Buy from Neutral rating.
- On 15th September 2020, initiated by Seaport Global Securities at Neutral rating.
- On 9th September 2020, upgraded by Deutsche Bank to Buy from Hold rating.
Azul S.A., together with its subsidiaries, provides passenger and cargo air transportation services in Brazil. As of December 31, 2018, it operated 821 daily flights to 110 destinations through a network of 220 non-stop routes with a fleet of 125 aircraft. The company was incorporated in 2008 and is headquartered in Barueri, Brazil.
