We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Continental (UAL) Posts Q3 Earnings and Revenue Beats
Read MoreHide Full Article
United Continental Holdings Inc. (UAL - Free Report) just released its third quarter fiscal 2016 earnings results, posting earnings of $3.11 and revenue of $9.9 billion. Currently, UAL is a Zacks Rank #3 (Hold), and is up a slight 0.32% to $53.20 in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $3.11, surpassing the Zacks Consensus Estimate of $3.05 per share. This number excludes 10 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $9.9 billion, just edging past our consensus estimate of $9.878 billion by declining 3.8% year-over-year.
Q3 consolidated passenger revenue per available seat mile (PRASM) decreased 5.8%, and consolidated yield decreased 5.7% compared to the third quarter of 2015. The decline in PRASM continues to be driven by factors including a strong U.S. dollar, lower surcharges, reductions from energy-related corporate travel, and declining yields.
UAL generated $1.1 billion in operating cash flow and ended the quarter with $6.2 billion in unrestricted liquidity.
“We delivered another very good quarter, demonstrating the progress United continues to make at improving our customer experience, which included our best third quarter on-time performance in company history,” said Oscar Munoz, chief executive officer of United Airlines. “As we execute our strategy to build the world’s best airline, we will remain intensely focused on engaging our employees, running a great operation and improving our financial performance.”
Here’s a graph that looks at United Continental’s price, consensus, and EPS surprise:
United Continental Holdings, Inc. is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental is headquartered in Chicago.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Continental (UAL) Posts Q3 Earnings and Revenue Beats
United Continental Holdings Inc. (UAL - Free Report) just released its third quarter fiscal 2016 earnings results, posting earnings of $3.11 and revenue of $9.9 billion. Currently, UAL is a Zacks Rank #3 (Hold), and is up a slight 0.32% to $53.20 in after-hours trading shortly after its earnings report was released.
Beat earnings estimates. The company posted earnings of $3.11, surpassing the Zacks Consensus Estimate of $3.05 per share. This number excludes 10 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $9.9 billion, just edging past our consensus estimate of $9.878 billion by declining 3.8% year-over-year.
Q3 consolidated passenger revenue per available seat mile (PRASM) decreased 5.8%, and consolidated yield decreased 5.7% compared to the third quarter of 2015. The decline in PRASM continues to be driven by factors including a strong U.S. dollar, lower surcharges, reductions from energy-related corporate travel, and declining yields.
UAL generated $1.1 billion in operating cash flow and ended the quarter with $6.2 billion in unrestricted liquidity.
“We delivered another very good quarter, demonstrating the progress United continues to make at improving our customer experience, which included our best third quarter on-time performance in company history,” said Oscar Munoz, chief executive officer of United Airlines. “As we execute our strategy to build the world’s best airline, we will remain intensely focused on engaging our employees, running a great operation and improving our financial performance.”
Here’s a graph that looks at United Continental’s price, consensus, and EPS surprise:
UNITED CONT HLD Price, Consensus and EPS Surprise
UNITED CONT HLD Price, Consensus and EPS Surprise | UNITED CONT HLD Quote
United Continental Holdings, Inc. is the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. Together with United Express, Continental Express and Continental Connection, these airlines operate throughout the Americas, Europe, Asia and Africa from their hubs in Chicago, Cleveland, Denver, Guam, Houston, Los Angeles, New York, San Francisco, Tokyo and Washington, D.C. United Continental is headquartered in Chicago.
Stocks that Aren't in the News…Yet
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015, with a stellar average gain of +26% per year. See these high-potential stocks now >>