AZUL SA (AZUL) closed at $30.49 in the latest trading session, marking a +0.83% move from the prior day. This move outpaced the S&P 500's daily loss of 0.08%. Elsewhere, the Dow gained 0.06%, while the tech-heavy Nasdaq lost 0.07%.
Prior to today's trading, shares of the company had gained 1.85% over the past month. This has outpaced the Transportation sector's loss of 4.21% and the S&P 500's gain of 0.52% in that time.
Wall Street will be looking for positivity from AZUL as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $689.63 million, up 1.1% from the prior-year quarter.
AZUL's full-year Zacks Consensus Estimates are calling for earnings of $2.22 per share and revenue of $2.85 billion. These results would represent year-over-year changes of +39.62% and +13.15%, respectively.
Investors should also note any recent changes to analyst estimates for AZUL. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.16% higher. AZUL is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, AZUL is currently trading at a Forward P/E ratio of 13.62. This valuation marks a premium compared to its industry's average Forward P/E of 9.35.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
AZUL SA (AZUL): Free Stock Analysis Report
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