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United Airlines (UAL) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, United Airlines (UAL - Free Report) closed at $43.26, marking a -1.93% move from the previous day. This move lagged the S&P 500's daily gain of 0.35%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 0.26%.
Prior to today's trading, shares of the airline had lost 3.35% over the past month. This has lagged the Transportation sector's gain of 0.79% and the S&P 500's gain of 3.27% in that time.
Wall Street will be looking for positivity from UAL as it approaches its next earnings report date. On that day, UAL is projected to report earnings of -$6.27 per share, which would represent a year-over-year decline of 334.83%. Our most recent consensus estimate is calling for quarterly revenue of $3.54 billion, down 67.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$26.64 per share and revenue of $15.52 billion. These totals would mark changes of -321.08% and -64.12%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for UAL. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. UAL is currently sporting a Zacks Rank of #4 (Sell).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 249, putting it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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United Airlines (UAL) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, United Airlines (UAL - Free Report) closed at $43.26, marking a -1.93% move from the previous day. This move lagged the S&P 500's daily gain of 0.35%. Elsewhere, the Dow gained 0.23%, while the tech-heavy Nasdaq added 0.26%.
Prior to today's trading, shares of the airline had lost 3.35% over the past month. This has lagged the Transportation sector's gain of 0.79% and the S&P 500's gain of 3.27% in that time.
Wall Street will be looking for positivity from UAL as it approaches its next earnings report date. On that day, UAL is projected to report earnings of -$6.27 per share, which would represent a year-over-year decline of 334.83%. Our most recent consensus estimate is calling for quarterly revenue of $3.54 billion, down 67.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$26.64 per share and revenue of $15.52 billion. These totals would mark changes of -321.08% and -64.12%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for UAL. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.37% lower within the past month. UAL is currently sporting a Zacks Rank of #4 (Sell).
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 249, putting it in the bottom 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.