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United Airlines (UAL) Rises Higher Than Market: Key Facts
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United Airlines (UAL - Free Report) closed at $114.08 in the latest trading session, marking a +2.6% move from the prior day. This change outpaced the S&P 500's 0.51% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The stock of airline has fallen by 1.07% in the past month, leading the Transportation sector's loss of 7.37% and undershooting the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of United Airlines in its forthcoming earnings report. On that day, United Airlines is projected to report earnings of $3.01 per share, which would represent year-over-year growth of 8.27%. At the same time, our most recent consensus estimate is projecting a revenue of $17.77 billion, reflecting a 16.68% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.91 per share and a revenue of $67.53 billion, indicating changes of -6.69% and +14.32%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for United Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. United Airlines presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 11.22 right now. This indicates a discount in contrast to its industry's Forward P/E of 11.44.
It is also worth noting that UAL currently has a PEG ratio of 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UAL's industry had an average PEG ratio of 0.9 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 227, this industry ranks in the bottom 8% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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United Airlines (UAL) Rises Higher Than Market: Key Facts
United Airlines (UAL - Free Report) closed at $114.08 in the latest trading session, marking a +2.6% move from the prior day. This change outpaced the S&P 500's 0.51% gain on the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The stock of airline has fallen by 1.07% in the past month, leading the Transportation sector's loss of 7.37% and undershooting the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of United Airlines in its forthcoming earnings report. On that day, United Airlines is projected to report earnings of $3.01 per share, which would represent year-over-year growth of 8.27%. At the same time, our most recent consensus estimate is projecting a revenue of $17.77 billion, reflecting a 16.68% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.91 per share and a revenue of $67.53 billion, indicating changes of -6.69% and +14.32%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for United Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. United Airlines presently features a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 11.22 right now. This indicates a discount in contrast to its industry's Forward P/E of 11.44.
It is also worth noting that UAL currently has a PEG ratio of 0.9. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. UAL's industry had an average PEG ratio of 0.9 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. With its current Zacks Industry Rank of 227, this industry ranks in the bottom 8% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.