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United (UAL) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
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Analysts on Wall Street project that United Airlines (UAL - Free Report) will announce quarterly earnings of $2.60 per share in its forthcoming report, representing a decline of 6.5% year over year. Revenues are projected to reach $17.84 billion, increasing 17.2% from the same quarter last year.
The current level reflects a downward revision of 44.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some United metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Operating revenue- Passenger revenue' will reach $16.34 billion. The estimate indicates a change of +18.3% from the prior-year quarter.
The consensus estimate for 'Operating revenue- Other operating revenue' stands at $1.07 billion. The estimate indicates a change of +9.7% from the prior-year quarter.
The consensus among analysts is that 'Operating revenue- Cargo' will reach $504.22 million. The estimate indicates a change of +17% from the prior-year quarter.
Analysts forecast 'Passenger load factor - Consolidated' to reach 85.6%. The estimate is in contrast to the year-ago figure of 84.4%.
According to the collective judgment of analysts, 'Total revenue per available seat mile (TRASM)' should come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Based on the collective assessment of analysts, 'CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing)' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'ASMs (Available seat miles)' reaching 88.71 billion. Compared to the current estimate, the company reported 87.42 billion in the same quarter of the previous year.
The average prediction of analysts places 'RPMs (Revenue passenger miles)' at 76.32 billion. Compared to the current estimate, the company reported 73.77 billion in the same quarter of the previous year.
Analysts expect 'PRASM (Passenger revenue per available seat mile)' to come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts predict that the 'Fuel gallons consumed' will reach 1244 millions of gallons. The estimate is in contrast to the year-ago figure of 1233 millions of gallons.
The combined assessment of analysts suggests that 'Average yield per RPM' will likely reach N/A. The estimate compares to the year-ago value of N/A.
The collective assessment of analysts points to an estimated 'Operating expense- Aircraft fuel' of $4.89 billion.
Shares of United have demonstrated returns of -6.9% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #5 (Strong Sell), UAL is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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United (UAL) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Analysts on Wall Street project that United Airlines (UAL - Free Report) will announce quarterly earnings of $2.60 per share in its forthcoming report, representing a decline of 6.5% year over year. Revenues are projected to reach $17.84 billion, increasing 17.2% from the same quarter last year.
The current level reflects a downward revision of 44.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
With that in mind, let's delve into the average projections of some United metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Operating revenue- Passenger revenue' will reach $16.34 billion. The estimate indicates a change of +18.3% from the prior-year quarter.
The consensus estimate for 'Operating revenue- Other operating revenue' stands at $1.07 billion. The estimate indicates a change of +9.7% from the prior-year quarter.
The consensus among analysts is that 'Operating revenue- Cargo' will reach $504.22 million. The estimate indicates a change of +17% from the prior-year quarter.
Analysts forecast 'Passenger load factor - Consolidated' to reach 85.6%. The estimate is in contrast to the year-ago figure of 84.4%.
According to the collective judgment of analysts, 'Total revenue per available seat mile (TRASM)' should come in at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Based on the collective assessment of analysts, 'CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing)' should arrive at N/A. Compared to the present estimate, the company reported N/A in the same quarter last year.
Analysts' assessment points toward 'ASMs (Available seat miles)' reaching 88.71 billion. Compared to the current estimate, the company reported 87.42 billion in the same quarter of the previous year.
The average prediction of analysts places 'RPMs (Revenue passenger miles)' at 76.32 billion. Compared to the current estimate, the company reported 73.77 billion in the same quarter of the previous year.
Analysts expect 'PRASM (Passenger revenue per available seat mile)' to come in at N/A. Compared to the current estimate, the company reported N/A in the same quarter of the previous year.
Analysts predict that the 'Fuel gallons consumed' will reach 1244 millions of gallons. The estimate is in contrast to the year-ago figure of 1233 millions of gallons.
The combined assessment of analysts suggests that 'Average yield per RPM' will likely reach N/A. The estimate compares to the year-ago value of N/A.
The collective assessment of analysts points to an estimated 'Operating expense- Aircraft fuel' of $4.89 billion.
View all Key Company Metrics for United here>>>Shares of United have demonstrated returns of -6.9% over the past month compared to the Zacks S&P 500 composite's +1.4% change. With a Zacks Rank #5 (Strong Sell), UAL is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .