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Compared to Estimates, United (UAL) Q3 Earnings: A Look at Key Metrics
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United Airlines (UAL - Free Report) reported $17.88 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 17.4%. EPS of $2.54 for the same period compares to $2.78 a year ago.
The reported revenue represents a surprise of -0.2% over the Zacks Consensus Estimate of $17.91 billion. With the consensus EPS estimate being $2.60, the EPS surprise was -2.31%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Passenger load factor - Consolidated: 83.9% versus the four-analyst average estimate of 85.6%.
Total revenue per available seat mile (TRASM): 20.19 cents versus 20.17 cents estimated by three analysts on average.
CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing): 13.09 cents versus the three-analyst average estimate of 13.08 cents.
ASMs (Available seat miles): 88.54 billion versus the three-analyst average estimate of 88.71 billion.
Average aircraft fuel price per gallon: $3.90 versus the three-analyst average estimate of $3.92.
RPMs (Revenue passenger miles): 74.28 billion versus the three-analyst average estimate of 76.32 billion.
PRASM (Passenger revenue per available seat mile): 18.34 cents versus 18.37 cents estimated by three analysts on average.
Fuel gallons consumed: 1,243.00 MGal compared to the 1,244.49 MGal average estimate based on two analysts.
Average yield per RPM: 21.86 cents versus 21.59 cents estimated by two analysts on average.
Operating revenue- Passenger revenue: $16.24 billion versus the four-analyst average estimate of $16.34 billion. The reported number represents a year-over-year change of +17.6%.
Operating revenue- Other operating revenue: $1.11 billion versus the four-analyst average estimate of $1.07 billion. The reported number represents a year-over-year change of +13%.
Operating revenue- Cargo: $529 million compared to the $504.22 million average estimate based on four analysts. The reported number represents a change of +22.7% year over year.
Shares of United have returned -16.4% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
View the Zacks #1 Rank List
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Compared to Estimates, United (UAL) Q3 Earnings: A Look at Key Metrics
United Airlines (UAL - Free Report) reported $17.88 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 17.4%. EPS of $2.54 for the same period compares to $2.78 a year ago.
The reported revenue represents a surprise of -0.2% over the Zacks Consensus Estimate of $17.91 billion. With the consensus EPS estimate being $2.60, the EPS surprise was -2.31%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how United performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for United here>>>
Shares of United have returned -16.4% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.