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United Airlines (UAL) Stock Moves -0.62%: What You Should Know
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In the latest trading session, United Airlines (UAL - Free Report) closed at $36.97, marking a -0.62% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.01%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.12%.
Heading into today, shares of the airline had lost 23.16% over the past month, lagging the Transportation sector's loss of 5.5% and the S&P 500's loss of 6.08% in that time.
Investors will be hoping for strength from United Airlines as it approaches its next earnings release. The company is expected to report EPS of $1.74, up 144.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $11.6 billion, up 111.95% from the year-ago period.
UAL's full-year Zacks Consensus Estimates are calling for earnings of $0.05 per share and revenue of $43.13 billion. These results would represent year-over-year changes of +100.36% and +75.1%, respectively.
Investors might also notice recent changes to analyst estimates for United Airlines. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 72.54% lower within the past month. United Airlines is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 721.79 right now. This represents a premium compared to its industry's average Forward P/E of 16.2.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.
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United Airlines (UAL) Stock Moves -0.62%: What You Should Know
In the latest trading session, United Airlines (UAL - Free Report) closed at $36.97, marking a -0.62% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.01%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 0.12%.
Heading into today, shares of the airline had lost 23.16% over the past month, lagging the Transportation sector's loss of 5.5% and the S&P 500's loss of 6.08% in that time.
Investors will be hoping for strength from United Airlines as it approaches its next earnings release. The company is expected to report EPS of $1.74, up 144.5% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $11.6 billion, up 111.95% from the year-ago period.
UAL's full-year Zacks Consensus Estimates are calling for earnings of $0.05 per share and revenue of $43.13 billion. These results would represent year-over-year changes of +100.36% and +75.1%, respectively.
Investors might also notice recent changes to analyst estimates for United Airlines. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 72.54% lower within the past month. United Airlines is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 721.79 right now. This represents a premium compared to its industry's average Forward P/E of 16.2.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 190, putting it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.