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Your Two Minute Earnings Preview for United (UAL) Stock
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Today’s quick video takes a closer look at United Continental Holdings (UAL - Free Report) stock ahead of its earnings report. This company operates one of the best known airline brands in the world, United, and is a global player in the industry. However, it will take more than brand name recognition to make up for a sluggish overall environment for the sector.
Overall, the industry rank for airlines is in the bottom 20% overall, while higher oil prices could eat into profits as well. Increased competition could be a factor as well, so airlines will need to be disciplined in this environment.
Fortunately for United, the company does have a pretty strong track record in earnings season, even if growth numbers aren’t that great. Additionally, the Earnings ESP is positive, which suggests a beat given that UAL has a Zacks Rank #3 (Hold), while the stock has a great fundamental picture.
We should note that growth is likely to be a concern for investors, at least those focused on the long term. UAL is projected to see 2017 earnings fall below its 2016 output, so this could weigh on investors following the release, making this an overall mixed bag for United Continental investors this earnings season.
UAL reports on October 17th after the bell, and we are looking for earnings of $2.92/share. Make sure to watch the video for a quick guide to UAL heading into the report, but if you want to learn more about trading in earnings season, check out our podcast below:
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Your Two Minute Earnings Preview for United (UAL) Stock
Today’s quick video takes a closer look at United Continental Holdings (UAL - Free Report) stock ahead of its earnings report. This company operates one of the best known airline brands in the world, United, and is a global player in the industry. However, it will take more than brand name recognition to make up for a sluggish overall environment for the sector.
Overall, the industry rank for airlines is in the bottom 20% overall, while higher oil prices could eat into profits as well. Increased competition could be a factor as well, so airlines will need to be disciplined in this environment.
Fortunately for United, the company does have a pretty strong track record in earnings season, even if growth numbers aren’t that great. Additionally, the Earnings ESP is positive, which suggests a beat given that UAL has a Zacks Rank #3 (Hold), while the stock has a great fundamental picture.
We should note that growth is likely to be a concern for investors, at least those focused on the long term. UAL is projected to see 2017 earnings fall below its 2016 output, so this could weigh on investors following the release, making this an overall mixed bag for United Continental investors this earnings season.
UNITED CONT HLD Price, Consensus and EPS Surprise
UNITED CONT HLD Price, Consensus and EPS Surprise | UNITED CONT HLD Quote
UAL reports on October 17th after the bell, and we are looking for earnings of $2.92/share. Make sure to watch the video for a quick guide to UAL heading into the report, but if you want to learn more about trading in earnings season, check out our podcast below:
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +26% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 11X worse than the market. See these critical buys and sells free >>