• Azul SA AZUL4.SA reported a quarterly adjusted loss of R$4.25​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of -93 centavos. The mean expectation of three analysts for the quarter was for earnings of 3 centavos per share. Wall Street expected results to range from -73 centavos to 78 centavos per share.

• Revenue rose 15.3% to R$5.39 billion from a year ago; analysts expected R$5.28 billion.

• Azul SA's reported EPS for the quarter was R$1.83​.

• The company reported quarterly net income of R$783.1 million.

• Azul SA shares had fallen by 56.5% this quarter and lost 59.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 102.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "hold"

• Wall Street's median 12-month price target for Azul SA is R$4.60

This summary was machine generated from LSEG data May 14 at 02:08 p.m. UTC. ​All figures in Brazilian reais unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)