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United Airlines (UAL) Gains As Market Dips: What You Should Know
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United Airlines (UAL - Free Report) closed the most recent trading day at $35.02, moving +0.43% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.74%.
Coming into today, shares of the airline had lost 25.76% in the past month. In that same time, the Transportation sector lost 2.21%, while the S&P 500 lost 4.6%.
United Airlines will be looking to display strength as it nears its next earnings release. On that day, United Airlines is projected to report earnings of -$3.77 per share, which would represent year-over-year growth of 49.73%. Meanwhile, our latest consensus estimate is calling for revenue of $7.51 billion, up 133.23% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.63 per share and revenue of $40.52 billion. These totals would mark changes of +95.48% and +64.47%, respectively, from last year.
Any recent changes to analyst estimates for United Airlines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 11.92% lower. United Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 241, putting it in the bottom 6% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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United Airlines (UAL) Gains As Market Dips: What You Should Know
United Airlines (UAL - Free Report) closed the most recent trading day at $35.02, moving +0.43% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.74%.
Coming into today, shares of the airline had lost 25.76% in the past month. In that same time, the Transportation sector lost 2.21%, while the S&P 500 lost 4.6%.
United Airlines will be looking to display strength as it nears its next earnings release. On that day, United Airlines is projected to report earnings of -$3.77 per share, which would represent year-over-year growth of 49.73%. Meanwhile, our latest consensus estimate is calling for revenue of $7.51 billion, up 133.23% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.63 per share and revenue of $40.52 billion. These totals would mark changes of +95.48% and +64.47%, respectively, from last year.
Any recent changes to analyst estimates for United Airlines should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 11.92% lower. United Airlines is holding a Zacks Rank of #3 (Hold) right now.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 241, putting it in the bottom 6% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.