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United Continental (UAL) Beats Q4 Earnings and Revenue Estimates
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United Continental (UAL - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting earnings of $1.78 per share and revenue of $9.1 billion.
UAL was down 2.07% to $72.21 in after-hours trading shortly after its earnings report was released.
Currently, UAL has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
United Continental:
Beat earnings estimates. The company posted earnings of $1.78 per share, beating our Zacks Consensus Estimate of $1.65 per share. This number excludes 52 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $9.1 billion, surpassing our estimate of $9.03 billion and
UAL ended Q4 in $5.8 billion in unrestricted liquidity while earning $658 million of operating cash flow. With capital expenditures being $880 million, UAL continued to invest in its business.
Consolidated passenger revenue per available mile (PRASM) decreased in Q4 by 1.6% and consolidated yield decreased by 1.2% compared to the fourth quarter of 2015.
“Our fourth quarter financial and operating performance capped an outstanding year for United Airlines,” said Oscar Munoz, chief executive officer of United Airlines.
Here’s a graph that looks at United Continental’s price, consensus and EPS surprise:
United Continental Holdings, Inc. Price, Consensus and EPS Surprise
United Continental the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. It manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. 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 Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.
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United Continental (UAL) Beats Q4 Earnings and Revenue Estimates
United Continental (UAL - Free Report) just released its fourth-quarter fiscal 2016 earnings results, posting earnings of $1.78 per share and revenue of $9.1 billion.
UAL was down 2.07% to $72.21 in after-hours trading shortly after its earnings report was released.
Currently, UAL has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
United Continental:
Beat earnings estimates. The company posted earnings of $1.78 per share, beating our Zacks Consensus Estimate of $1.65 per share. This number excludes 52 cents from non-recurring items.
Beat revenue estimates. The company saw revenue figures of $9.1 billion, surpassing our estimate of $9.03 billion and
UAL ended Q4 in $5.8 billion in unrestricted liquidity while earning $658 million of operating cash flow. With capital expenditures being $880 million, UAL continued to invest in its business.
Consolidated passenger revenue per available mile (PRASM) decreased in Q4 by 1.6% and consolidated yield decreased by 1.2% compared to the fourth quarter of 2015.
“Our fourth quarter financial and operating performance capped an outstanding year for United Airlines,” said Oscar Munoz, chief executive officer of United Airlines.
Here’s a graph that looks at United Continental’s price, consensus and EPS surprise:
United Continental Holdings, Inc. Price, Consensus and EPS Surprise
United Continental Holdings, Inc. Price, Consensus and EPS Surprise | United Continental Holdings, Inc. Quote
United Continental the holding company for United Airlines and Continental Airlines. The Company operates its businesses through two reporting segments: Mainline and Regional Affiliates. It manages its business as an integrated network with assets deployed across its Mainline and regional carrier networks. 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 Holdings, Inc., formerly known as United Airlines Corp., is headquartered in Chicago.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>