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United Airlines (UAL) Falls More Steeply Than Broader Market: What Investors Need to Know
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United Airlines (UAL - Free Report) closed the most recent trading day at $106.87, moving -1.92% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Prior to today's trading, shares of the airline had lost 10.88% lagged the Transportation sector's loss of 4.89% and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of United Airlines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.01, signifying a 8.27% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.77 billion, up 16.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $9.91 per share and a revenue of $67.53 billion, demonstrating changes of -6.69% and +14.32%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for United Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 5.45% fall in the Zacks Consensus EPS estimate. Right now, United Airlines possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, United Airlines is holding a Forward P/E ratio of 10.99. This denotes a discount relative to the industry average Forward P/E of 11.06.
Meanwhile, UAL's PEG ratio is currently 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Airline industry currently had an average PEG ratio of 0.88 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 216, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
View the Zacks #1 Rank List
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United Airlines (UAL) Falls More Steeply Than Broader Market: What Investors Need to Know
United Airlines (UAL - Free Report) closed the most recent trading day at $106.87, moving -1.92% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.45%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.78%.
Prior to today's trading, shares of the airline had lost 10.88% lagged the Transportation sector's loss of 4.89% and the S&P 500's loss of 1.99%.
Investors will be eagerly watching for the performance of United Airlines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $3.01, signifying a 8.27% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $17.77 billion, up 16.68% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $9.91 per share and a revenue of $67.53 billion, demonstrating changes of -6.69% and +14.32%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for United Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 5.45% fall in the Zacks Consensus EPS estimate. Right now, United Airlines possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, United Airlines is holding a Forward P/E ratio of 10.99. This denotes a discount relative to the industry average Forward P/E of 11.06.
Meanwhile, UAL's PEG ratio is currently 0.88. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Transportation - Airline industry currently had an average PEG ratio of 0.88 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 216, which puts it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.