Zacks Research Upgrades Earnings Estimate for Azul S.A. in Q1 2025

On March 10th, 2025, Zacks Research released an updated report indicating a positive adjustment to their earnings per share (EPS) forecast for Azul S.A. (NYSE:AZUL). The analysts have raised their estimate for the first quarter of 2025, now anticipating the airline will achieve an EPS of ($0.25), a slight improvement from their previous estimate of ($0.26).

The overall consensus for Azul’s full-year earnings stands at ($1.58) per share. Alongside this, Zacks also provided projections for future quarters: they expect the company to report an EPS of ($0.40) for Q2 2025, and a potential rebound in Q4 2025 with an EPS of $0.10. For the fiscal year 2025, Zacks estimates an EPS of ($0.45), with forecasts also extended into 2026, estimating ($0.26) for Q1 2026 and $0.41 for Q4 2026.

In addition to Zacks Research, other analysts have been actively reviewing Azul’s stock performance. Seaport Research Partners downgraded Azul from a “strong-buy” to a “hold” rating on February 26th. Similarly, Raymond James adjusted their price target for Azul from $6.00 to $5.00 while maintaining an “outperform” rating as of February 4th. Goldman Sachs also revised their target for Azul, lowering it from $3.10 to $2.70 and classifying the stock as “neutral.” Overall, the ratings for Azul indicate caution, with one analyst issuing a sell rating, seven holding, and two buying.

According to MarketBeat.com, Azul currently has an average rating of “Hold” from analysts, alongside an average target price of $5.40.

Azul's Recent Stock Performance

As of Thursday, Azul’s stock opened at $1.84. The airline’s stock has maintained a 50-day simple moving average of $2.03 and a 200-day simple moving average of $2.44. Over the past year, the stock has fluctuated, reaching a low of $1.57 and a high of $8.73, with a current market capitalization of approximately $773.58 million, a PE ratio of -0.26, and a beta of 1.98.

Institutional Investors and Shareholding Trends

In recent months, institutional trading has seen shifts in Azul’s shareholding. For instance, Inspire Advisors LLC increased their holdings by 16.6% in the fourth quarter, accumulating 48,168 shares valued at $80,000. Similarly, Van ECK Associates Corp boosted their shares by 16.3%, bringing their total to 63,338 shares worth $106,000. Other notable institutional movements include Two Sigma Securities increasing their stake by 44.6% and Creative Planning acquiring shares during the third quarter. In total, institutional investors hold 0.82% of Azul’s stock.

Overview of Azul S.A.

Azul S.A., along with its subsidiaries, offers air transportation services across Brazil and internationally. As of December 31, 2023, the company operated around 1,000 daily flights servicing 160 destinations with a fleet composed of 183 operating aircraft and 189 in contractual agreements.

Azul, Earnings, Estimate