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United Airlines (UAL) Stock Sinks As Market Gains: What You Should Know
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United Airlines (UAL - Free Report) closed at $42.94 in the latest trading session, marking a -0.3% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the airline had lost 11.99% over the past month, lagging the Transportation sector's loss of 3.22% and the S&P 500's loss of 1.38% in that time.
Investors will be hoping for strength from United Airlines as it approaches its next earnings release. In that report, analysts expect United Airlines to post earnings of $3.82 per share. This would mark year-over-year growth of 35.94%. Our most recent consensus estimate is calling for quarterly revenue of $14.45 billion, up 12.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.92 per share and revenue of $53.66 billion. These totals would mark changes of +333.33% and +19.35%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for United Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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 4.59% lower within the past month. United Airlines currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 3.94 right now. For comparison, its industry has an average Forward P/E of 7.54, which means United Airlines is trading at a discount to the group.
It is also worth noting that UAL currently has a PEG ratio of 0.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Airline industry currently had an average PEG ratio of 0.37 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.
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
United Airlines (UAL - Free Report) closed at $42.94 in the latest trading session, marking a -0.3% move from the prior day. This move lagged the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the airline had lost 11.99% over the past month, lagging the Transportation sector's loss of 3.22% and the S&P 500's loss of 1.38% in that time.
Investors will be hoping for strength from United Airlines as it approaches its next earnings release. In that report, analysts expect United Airlines to post earnings of $3.82 per share. This would mark year-over-year growth of 35.94%. Our most recent consensus estimate is calling for quarterly revenue of $14.45 billion, up 12.2% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.92 per share and revenue of $53.66 billion. These totals would mark changes of +333.33% and +19.35%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for United Airlines. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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 4.59% lower within the past month. United Airlines currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 3.94 right now. For comparison, its industry has an average Forward P/E of 7.54, which means United Airlines is trading at a discount to the group.
It is also worth noting that UAL currently has a PEG ratio of 0.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Airline industry currently had an average PEG ratio of 0.37 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.