Azul S.A. (NYSE:AZUL) is set to announce third quarter earning results on Monday 16th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, AZUL to report 3Q20 loss of $ 1.18 per share from revenue of $ 171.58 million.
For the full year, analysts anticipate top line of $ 1094.42 million, while looking forward to loss of $ 4.58 per share bottom line.
Previous Quarter Performance
Azul S.A. unveiled loss for the second quarter of $ 0.44 per share, from the revenue of $ 74.82 million. According to street consensus, AZUL was expected to report 2Q20 loss of $ 0.80 per share from revenue of $ 213.58 million. 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
On Friday, shares of Azul S.A. has traded high as $ 16.04 and has cracked $ 15.58 on the downward trend, reaching $ 16.04 with volume of 1.93 million shares.
According to the previous trading day, closing price of $ 16.04, representing a 189.62 % increase from the 52 week low of $ 5.30 and a 65.54 % decrease over the 52 week high of $ 44.55.
The company has a market capital of $ 1.79 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.
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.
