easyJet plc

LSE:EZJ Stock Report

Market Cap: UK£3.5b

easyJet Future Growth

Future criteria checks 4/6

easyJet is forecast to grow earnings and revenue by 23% and 7.5% per annum respectively. EPS is expected to grow by 22.7% per annum. Return on equity is forecast to be 12.7% in 3 years.

Key information

23.0%

Earnings growth rate

22.66%

EPS growth rate

Airlines earnings growth7.8%
Revenue growth rate7.5%
Future return on equity12.71%
Analyst coverage

Good

Last updated02 Jun 2026

Recent future growth updates

Analysis Article May 23

Earnings Update: easyJet plc (LON:EZJ) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Investors in easyJet plc ( LON:EZJ ) had a good week, as its shares rose 7.6% to close at UK£3.70 following the release...

Recent updates

Narrative Update May 24

EZJ: FTSE 250 Shift And Margin Execution Will Drive Future Upside

easyJet's updated analyst price target edges lower to £6.56 from £6.93, as analysts reflect slightly softer revenue growth assumptions, a modestly different discount rate, and updated profit margin and P/E expectations across recent target cuts ranging from £2.80 to £6.80 per share. Analyst Commentary Recent Street research on easyJet shows a cluster of reduced price targets, but the updated figures remain well above the lowest levels in the range and reflect differing opinions on how the company can execute on revenue, margins, and capital allocation.
Analysis Article May 23

Earnings Update: easyJet plc (LON:EZJ) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts

Investors in easyJet plc ( LON:EZJ ) had a good week, as its shares rose 7.6% to close at UK£3.70 following the release...
Narrative Update May 02

EZJ: Margin Reset And Index Demotion Will Likely Pressure Future Returns

Analysts have trimmed easyJet's fair value estimate from £4.00 to £3.00, as a series of recent price target cuts and downgrades point to lower expected profit margins and a higher required discount rate, even as revenue growth assumptions and future P/E expectations are adjusted. Analyst Commentary Recent Street research around easyJet has leaned cautious, with a cluster of price target cuts and rating downgrades occurring over a relatively short period.
Narrative Update Apr 17

EZJ: FTSE 250 Reclassification And Execution On Margins Will Drive Future Upside

easyJet's updated analyst price target has been trimmed by around 8%, to roughly £6.93 per share. Analysts are factoring in slightly higher discount rates, a modestly stronger revenue outlook, and some pressure on profit margins and future P/E multiples following a series of recent target cuts and downgrades across the Street.
Narrative Update Apr 02

EZJ: FTSE 250 Move And Earnings Power Will Support Future Upside

easyJet's analyst price target has been trimmed by around £1.00 per share as analysts factor in a slightly higher discount rate and a lower future P/E, even though their revenue growth and profit margin assumptions remain broadly supported by recent Street research. Analyst Commentary Recent research on easyJet has been mixed on ratings and price targets, but there are still some clear positives that bullish analysts are highlighting when they look at the investment case.
Narrative Update Mar 19

EZJ: Shares Will Seek Upside As Earnings Profile Supports Medium Term P E Rebound

Analysts have trimmed easyJet's fair value estimate and reduced price targets by £60 to £540 and by £20 to £680, reflecting slightly lower assumptions for revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts still see upside potential relative to current trading levels, even after trimming price targets to £5.40 and £6.80.
Narrative Update Mar 05

EZJ: Shares Will Seek Upside As Mixed Ratings Support Medium Term P E Rebound

Narrative update easyJet's updated analyst price target edges lower by about £0.14. This reflects a mix of reduced fair value, a slightly lower discount rate and revised expectations for revenue, margins and future P/E as analysts digest recent target moves and rating changes from major banks.
Narrative Update Feb 18

EZJ: Improved Earnings Assumptions Will Support Upside At Current P/E

Analysts have adjusted their price targets on easyJet, with the consensus moving to £8.00 as they factor in slightly lower discount rates, modestly higher revenue growth expectations, and a marginally stronger profit margin outlook, while still applying a similar forward P/E assumption. Analyst Commentary Recent research opinions on easyJet have been mixed, with one upgrade and one downgrade in close succession.
Narrative Update Feb 04

EZJ: Downgrades And Execution Risks Will Keep Shares Underperforming

Analysts have trimmed their price targets on easyJet by £0.10, citing recent rating downgrades and a slightly different view on discount rates, revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent research points to a more cautious stance on easyJet, with bearish analysts trimming price targets and reassessing their assumptions on revenue growth, profitability, and P/E levels.
Narrative Update Jan 21

EZJ: Updated Margin Assumptions Will Support Earnings And Limit Downside Risk

The latest analyst price target for easyJet has been trimmed to £5.20 from £6.00, as analysts factor in updated fair value estimates, a slightly lower assumed profit margin and a reduced future P/E multiple, while modestly adjusting revenue growth and discount rate inputs. Analyst Commentary Recent research reflects a more cautious stance on easyJet, with price targets adjusted to align with updated margin assumptions and valuation inputs.
Narrative Update Jan 06

EZJ: Rising Costs Will Pressure Margins And Keep Shares Underperforming

Analysts have reduced their outlook on easyJet, with the average price target moving lower from around £6.00 to roughly £5.20 per share. This reflects concerns about competitive pressure and rising costs, as well as slightly adjusted long term growth and margin assumptions.
Narrative Update Dec 19

EZJ: Rising Costs And Competition Will Pressure Margins And Share Performance

Analysts have lowered their price target on easyJet from about 600 GBp to a range of approximately 400 to 520 GBp. This reflects expectations for slightly softer revenue growth and valuation multiples amid rising costs and competitive pressures, even as profit margin forecasts edge modestly higher. Analyst Commentary Bearish analysts are taking a more cautious stance on easyJet, with recent research highlighting subdued expectations for share price appreciation and a more challenging operating backdrop.
Analysis Article Dec 14

These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Reasonably Well

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Narrative Update Dec 05

EZJ: Shares Will Seek Medium-Term Upside As Competitive Cost Headwinds Ease

The analyst price target for easyJet has been trimmed by about £0.10 per share, as analysts factor in rising competitive pressures and cost headwinds, despite modest improvements in revenue growth and profit margins. Analyst Commentary Recent Street research reflects a more cautious stance on easyJet, with price targets generally moving lower to reflect a tougher operating backdrop and execution risks.
Analysis Article Dec 05

easyJet's (LON:EZJ) Earnings Offer More Than Meets The Eye

The market seemed underwhelmed by last week's earnings announcement from easyJet plc ( LON:EZJ ) despite the healthy...
Analysis Article Nov 28

easyJet's (LON:EZJ) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of easyJet plc ( LON:EZJ ) has announced that it will be paying its dividend of £0.132 on the 27th of March...
Narrative Update Nov 21

EZJ: Shares Will Seek Medium-Term Upside Despite Fresh Price Reductions

easyJet’s analyst price target has been reduced from 600 GBp to a range of 400 to 535 GBp, as analysts cite continued competitive pressures and higher costs as key factors behind the change. Analyst Commentary Recent analyst reports highlight a diverse range of perspectives on easyJet’s outlook, resulting in a spread of price targets and ratings.
Narrative Update Nov 06

EZJ: Shares Will Seek Recovery Despite Ongoing Competition And Cost Pressures

easyJet's analyst price target has been reduced by approximately £0.04. This reflects cautious sentiment among analysts due to ongoing competitive pressures and cost challenges.
Narrative Update Oct 22

Analyst Commentary Highlights Slightly Lowered Price Targets and Mixed Outlook for easyJet

Narrative Update: Analyst Price Target Shift for easyJet Analysts have slightly reduced their fair value price target for easyJet from £6.46 to £6.30. They cite ongoing headwinds from competitive pressures and rising costs as key factors behind the adjustment.
Narrative Update Oct 08

Fleet Modernization And Ancillary Revenue Growth Will Boost Earnings And Expand Net Margins

easyJet's analyst price target has been reduced, with recent updates reflecting a modest decrease from previous expectations. Analysts cite slightly lower fair value assessments and profit margin forecasts.
Analysis Article Oct 07

Should You Be Adding easyJet (LON:EZJ) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Sep 11

Some Investors May Be Worried About easyJet's (LON:EZJ) Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
Analysis Article Aug 24

Potential Upside For easyJet plc (LON:EZJ) Not Without Risk

When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 17x, you may...
Analysis Article Aug 06

We Think easyJet (LON:EZJ) Can Stay On Top Of Its Debt

LSE:EZJ 1 Year Share Price vs Fair Value Explore easyJet's Fair Values from the Community and select yours Warren...
Analysis Article Jun 13

Is Now The Time To Put easyJet (LON:EZJ) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article May 26

Investors Continue Waiting On Sidelines For easyJet plc (LON:EZJ)

When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 17x, you may...
Analysis Article May 07

Returns At easyJet (LON:EZJ) Appear To Be Weighed Down

What are the early trends we should look for to identify a stock that could multiply in value over the long term? One...
Analysis Article Mar 25

Weekly Picks: 🚀 Rocket Lab's Edge, EasyJet's Quiet Comeback, and HEXPOL's Reliable Dividends

This week’s picks cover: What Rocket Lab has that SpaceX and others don’t, what investors are missing on easyJet, and why HEXPOL looks like a steady reliable dividend performer.
New Narrative Mar 24

EasyJet weirdly unloved by investors in spite of relatively attractive metrics

It's a brutally competitive market without doubt, and with competitors such as Ryanair and its mercurial CEO around, you get perhaps some extra heat compared with other industries.Yet short-haul, leis
Analysis Article Mar 08

Is easyJet (LON:EZJ) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Feb 18

easyJet (LON:EZJ) Is Paying Out A Larger Dividend Than Last Year

easyJet plc's ( LON:EZJ ) dividend will be increasing from last year's payment of the same period to £0.121 on 21st of...
Analysis Article Jan 20

easyJet (LON:EZJ) Is Increasing Its Dividend To £0.121

easyJet plc ( LON:EZJ ) will increase its dividend from last year's comparable payment on the 21st of March to £0.121...
Analysis Article Jan 06

easyJet's (LON:EZJ) Upcoming Dividend Will Be Larger Than Last Year's

easyJet plc ( LON:EZJ ) has announced that it will be increasing its dividend from last year's comparable payment on...
Analysis Article Jan 04

Here's What To Make Of easyJet's (LON:EZJ) Decelerating Rates Of Return

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...
User avatar
New Narrative Dec 11

Fleet Modernization And Ancillary Revenue Growth Will Boost Earnings And Expand Net Margins

Strategic seat capacity increase and fleet modernization aim to boost revenue and margins through optimized utilization and fuel efficiency.
Analysis Article Dec 04

easyJet's (LON:EZJ) Strong Earnings Are Of Good Quality

easyJet plc's ( LON:EZJ ) robust earnings report didn't manage to move the market for its stock. Our analysis suggests...
Analysis Article Nov 29

Is Now The Time To Put easyJet (LON:EZJ) On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Nov 01

easyJet plc's (LON:EZJ) Share Price Matching Investor Opinion

It's not a stretch to say that easyJet plc's ( LON:EZJ ) price-to-sales (or "P/S") ratio of 0.4x seems quite...
Analysis Article Aug 01

easyJet plc (LON:EZJ) Not Lagging Industry On Growth Or Pricing

There wouldn't be many who think easyJet plc's ( LON:EZJ ) price-to-sales (or "P/S") ratio of 0.4x is worth a mention...
Analysis Article Jul 14

Return Trends At easyJet (LON:EZJ) Aren't Appealing

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jun 26

Calculating The Intrinsic Value Of easyJet plc (LON:EZJ)

Key Insights The projected fair value for easyJet is UK£5.15 based on 2 Stage Free Cash Flow to Equity With UK£4.64...
Analysis Article May 22

easyJet (LON:EZJ) Seems To Use Debt Quite Sensibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Apr 06

With easyJet plc (LON:EZJ) It Looks Like You'll Get What You Pay For

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Airlines industry in the United Kingdom, you...
Analysis Article Feb 26

Be Wary Of easyJet (LON:EZJ) And Its Returns On Capital

When researching a stock for investment, what can tell us that the company is in decline? A business that's potentially...
Analysis Article Jan 21

These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Reasonably Well

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Jan 03

Investors Holding Back On easyJet plc (LON:EZJ)

With a median price-to-sales (or "P/S") ratio of close to 0.5x in the Airlines industry in the United Kingdom, you...
Analysis Article Dec 05

Shareholders Can Be Confident That easyJet's (LON:EZJ) Earnings Are High Quality

easyJet plc ( LON:EZJ ) recently posted some strong earnings, and the market responded positively. We did some digging...
Analysis Article Nov 14

Capital Allocation Trends At easyJet (LON:EZJ) Aren't Ideal

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Ideally, a business will show two...
Analysis Article Sep 21

These 4 Measures Indicate That easyJet (LON:EZJ) Is Using Debt Extensively

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Aug 04

easyJet (LON:EZJ) Will Want To Turn Around Its Return Trends

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article Jun 14

Here's Why easyJet (LON:EZJ) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...

Earnings and Revenue Growth Forecasts

LSE:EZJ - Analysts future estimates and past financials data (GBP Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
9/30/202812,732485-1,5091,68113
9/30/202711,743348-8721,56115
9/30/202610,79299-6641,14915
3/31/202610,5264143441,393N/A
12/31/202510,3164545301,555N/A
9/30/202510,1064947151,716N/A
6/30/20259,8414537221,707N/A
3/31/20259,5754127281,697N/A
12/31/20249,4424326491,598N/A
9/30/20249,3094525701,499N/A
6/30/20249,0304135351,382N/A
3/31/20248,7503744991,265N/A
12/31/20238,4613496481,408N/A
9/30/20238,1713247971,551N/A
6/30/20237,5661406701,427N/A
3/31/20236,960-455421,302N/A
12/31/20226,365-1073941,039N/A
9/30/20225,769-169246776N/A
6/30/20224,243-454263689N/A
3/31/20222,716-740279602N/A
12/31/20212,087-799-452-216N/A
9/30/20211,458-858-1,184-1,035N/A
6/30/20211,163-1,081-1,871-1,639N/A
3/31/2021867-1,304-2,559-2,243N/A
12/31/20201,938-1,191-1,921-1,415N/A
9/30/20203,009-1,079-1,283-588N/A
6/30/20204,717-418-685148N/A
3/31/20206,424243-87884N/A
12/31/20196,405296N/A939N/A
9/30/20196,385349N/A994N/A
6/30/20196,222272N/A962N/A
3/31/20196,058194N/A930N/A
12/31/20185,978276N/A1,027N/A
9/30/20185,898358N/A1,123N/A
6/30/20185,651401N/A1,128N/A
3/31/20185,403443N/A1,133N/A
12/31/20175,225374N/A1,005N/A
9/30/20175,047305N/A877N/A
6/30/20174,886283N/A793N/A
3/31/20174,725260N/A709N/A
12/31/20164,697349N/A658N/A
9/30/20164,669437N/A606N/A
6/30/20164,680483N/A656N/A
3/31/20164,690528N/A705N/A
12/31/20154,688538N/A747N/A
9/30/20154,686548N/A789N/A
6/30/20154,639522N/A775N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: EZJ's forecast earnings growth (23% per year) is above the savings rate (3.4%).

Earnings vs Market: EZJ's earnings (23% per year) are forecast to grow faster than the UK market (11.6% per year).

High Growth Earnings: EZJ's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: EZJ's revenue (7.5% per year) is forecast to grow faster than the UK market (4.6% per year).

High Growth Revenue: EZJ's revenue (7.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EZJ's Return on Equity is forecast to be low in 3 years time (12.7%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/04 12:22
End of Day Share Price 2026/06/04 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

easyJet plc is covered by 35 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David FintzenBarclays
Andrew LobbenbergBarclays
Conor DwyerBerenberg