United Airlines (UAL - Free Report) reported $12.54 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.7%. EPS of -$0.15 for the same period compares to -$0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.43 billion, representing a surprise of +0.89%. The company delivered an EPS surprise of +71.70%, with the consensus EPS estimate being -$0.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average aircraft fuel price per gallon: $2.88 versus the five-analyst average estimate of $3.
- Total revenue per available seat mile (TRASM): 17.5 cents compared to the 17.38 cents average estimate based on five analysts.
- ASMs (Available seat miles): 71,668 million versus the five-analyst average estimate of 71,613.58 million.
- PRASM (Passenger revenue per available seat mile): 15.79 cents versus the five-analyst average estimate of 15.79 cents.
- Passenger load factor - Consolidated: 80.1% versus 82.2% estimated by five analysts on average.
- RPMs (Revenue passenger miles): 57,427 million compared to the 59,399.92 million average estimate based on four analysts.
- Fuel gallons consumed: 1,025 MGal versus 991.09 MGal estimated by four analysts on average.
- Average yield per RPM: 19.7 cents compared to the 19.08 cents average estimate based on four analysts.
- CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing): 13.13 cents versus 13.18 cents estimated by four analysts on average.
- Operating revenue- Passenger revenue: $11.31 billion versus the six-analyst average estimate of $11.27 billion. The reported number represents a year-over-year change of +10.1%.
- Operating revenue- Other operating revenue: $835 million versus $789.66 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.3% change.
- Operating revenue- Cargo: $391 million versus the six-analyst average estimate of $361.57 million. The reported number represents a year-over-year change of -1.8%.
View all Key Company Metrics for United here>>>Shares of United have returned -5.8% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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United Airlines (UAL - Free Report) reported $12.54 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 9.7%. EPS of -$0.15 for the same period compares to -$0.63 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $12.43 billion, representing a surprise of +0.89%. The company delivered an EPS surprise of +71.70%, with the consensus EPS estimate being -$0.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average aircraft fuel price per gallon: $2.88 versus the five-analyst average estimate of $3.
- Total revenue per available seat mile (TRASM): 17.5 cents compared to the 17.38 cents average estimate based on five analysts.
- ASMs (Available seat miles): 71,668 million versus the five-analyst average estimate of 71,613.58 million.
- PRASM (Passenger revenue per available seat mile): 15.79 cents versus the five-analyst average estimate of 15.79 cents.
- Passenger load factor - Consolidated: 80.1% versus 82.2% estimated by five analysts on average.
- RPMs (Revenue passenger miles): 57,427 million compared to the 59,399.92 million average estimate based on four analysts.
- Fuel gallons consumed: 1,025 MGal versus 991.09 MGal estimated by four analysts on average.
- Average yield per RPM: 19.7 cents compared to the 19.08 cents average estimate based on four analysts.
- CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing): 13.13 cents versus 13.18 cents estimated by four analysts on average.
- Operating revenue- Passenger revenue: $11.31 billion versus the six-analyst average estimate of $11.27 billion. The reported number represents a year-over-year change of +10.1%.
- Operating revenue- Other operating revenue: $835 million versus $789.66 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.3% change.
- Operating revenue- Cargo: $391 million versus the six-analyst average estimate of $361.57 million. The reported number represents a year-over-year change of -1.8%.
View all Key Company Metrics for United here>>>Shares of United have returned -5.8% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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