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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 at $55.63 in the latest trading session, marking a +1.04% move from the prior day. This change outpaced the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the airline had gained 12.85% over the past month, outpacing the Transportation sector's gain of 10.25% and the S&P 500's gain of 4.16% in that time.
United Airlines will be looking to display strength as it nears its next earnings release, which is expected to be July 19, 2023. The company is expected to report EPS of $4.05, up 183.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.95 billion, up 15.17% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.78 per share and revenue of $52.91 billion. These totals would mark changes of +288.1% and +17.69%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for United Airlines. 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.
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. Within the past 30 days, our consensus EPS projection has moved 4.76% higher. United Airlines is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note United Airlines's current valuation metrics, including its Forward P/E ratio of 5.63. This valuation marks a discount compared to its industry's average Forward P/E of 11.91.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
Be sure to follow all of these stock-moving metrics, and many 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 at $55.63 in the latest trading session, marking a +1.04% move from the prior day. This change outpaced the S&P 500's 0.2% loss on the day. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq lost 9.78%.
Heading into today, shares of the airline had gained 12.85% over the past month, outpacing the Transportation sector's gain of 10.25% and the S&P 500's gain of 4.16% in that time.
United Airlines will be looking to display strength as it nears its next earnings release, which is expected to be July 19, 2023. The company is expected to report EPS of $4.05, up 183.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.95 billion, up 15.17% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.78 per share and revenue of $52.91 billion. These totals would mark changes of +288.1% and +17.69%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for United Airlines. 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.
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. Within the past 30 days, our consensus EPS projection has moved 4.76% higher. United Airlines is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note United Airlines's current valuation metrics, including its Forward P/E ratio of 5.63. This valuation marks a discount compared to its industry's average Forward P/E of 11.91.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 71, which puts it in the top 29% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.