Earnings Release: Here's Why Analysts Cut Their Jet.AI Inc. (NASDAQ:JTAI) Price Target To US$20.00

Simply Wall St.11-17 21:10

Shareholders in Jet.AI Inc. (NASDAQ:JTAI) had a terrible week, as shares crashed 45% to US$5.35 in the week since its latest third-quarter results. Jet.AI beat revenue forecasts by a solid 16%, ...

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Jet.AI beat revenue forecasts by a solid 16%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/earnings-release-heres-why-analysts-131021582.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Earnings Release: Here's Why Analysts Cut Their Jet.AI Inc. 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(NASDAQ:JTAI) Price Target To US$20.00\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-17 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/earnings-release-heres-why-analysts-131021582.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shareholders in Jet.AI Inc. (NASDAQ:JTAI) had a terrible week, as shares crashed 45% to US$5.35 in the week since its latest third-quarter results. Jet.AI beat revenue forecasts by a solid 16%, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/earnings-release-heres-why-analysts-131021582.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://finance.yahoo.com/news/earnings-release-heres-why-analysts-131021582.html","article_id":"2484638454","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gnGTQ_q9KCdl7Xvx_ppB0g--~B/aD00MzI7dz0xMTk0O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/simply_wall_st__316/0fe4d5d105492213ce106a92b49639d4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484638454","pubTimestamp":1731849021,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shareholders in Jet.AI Inc.  had a terrible week, as shares crashed 45% to US$5.35 in the week since its latest third-quarter results. Jet.AI beat revenue forecasts by a solid 16%, hitting US$3.9m. Statutory losses also blew out, with the loss per share reaching US$43.82, some 290% bigger than the analyst expected. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Jet.AI going out as far as 2026, and you can see them free on our platform here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所",".IXIC":"NASDAQ Composite","JTAI":"Jet.AI Inc.","JTAIW":"JTAIW JETAI INC C/WTS 26/07/28(TO PUR COM)","JTAIZ":"JETAI INC C/WTS 26/07/28 (TO PUR COM)"},"translate_title":"财报发布：这就是分析师将Jet.AI Inc.（纳斯达克股票代码：JTAI）目标股价下调至20.00美元的原因","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".IXIC":1,"JTAI":1,"NDAQ":1,"JTAIW":0.9,"JTAIZ":0.9},"content_text":"Shareholders in Jet.AI Inc. (NASDAQ:JTAI) had a terrible week, as shares crashed 45% to US$5.35 in the week since its latest third-quarter results. Jet.AI beat revenue forecasts by a solid 16%, hitting US$3.9m. Statutory losses also blew out, with the loss per share reaching US$43.82, some 290% bigger than the analyst expected. The analyst typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year. \n See our latest analysis for Jet.AI \n\n\n\n  NasdaqCM:JTAI Earnings and Revenue Growth November 17th 2024\n \n\n Taking into account the latest results, the current consensus from Jet.AI's single analyst is for revenues of US$16.0m in 2025. This would reflect an okay 6.5% increase on its revenue over the past 12 months. Losses are predicted to fall substantially, shrinking 61% to US$6.04. Yet prior to the latest earnings, the analyst had been forecasting revenues of US$17.0m and losses of US$67.50 per share in 2025. While the revenue estimates fell, sentiment seems to have improved, with the analyst making a very promising decrease in losses per share in particular. \n The consensus price target fell 91% to US$20.00, with the dip in revenue estimates clearly souring sentiment, despite the forecast reduction in losses. \n These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Jet.AI's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Jet.AI's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 5.2% growth on an annualised basis. This is compared to a historical growth rate of 56% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 7.4% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Jet.AI. \nThe Bottom Line \n The most obvious conclusion is that the analyst made no changes to their forecasts for a loss next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Still, earnings per share are more important to value creation for shareholders. The consensus price target fell measurably, with the analyst seemingly not reassured by the latest results, leading to a lower estimate of Jet.AI's future valuation. \n Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Jet.AI going out as far as 2026, and you can see them free on our platform here. \n Don't forget that there may still be risks. For instance, we've identified   5 warning signs for Jet.AI (4 are a bit unpleasant)  you should be aware of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484638454"}