United Continental (UAL - Free Report) closed the most recent trading day at $96.70, moving +1.71% from the previous trading session. This change outpaced the S&P 500's 0.82% gain on the day. At the same time, the Dow added 0.79%, and the tech-heavy Nasdaq gained 0.79%.
Prior to today's trading, shares of the airline had gained 7.99% over the past month. This has outpaced the Transportation sector's gain of 7.48% and the S&P 500's gain of 3.94% in that time.
Investors will be hoping for strength from UAL as it approaches its next earnings release, which is expected to be January 22, 2019. The company is expected to report EPS of $1.79, up 27.86% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.36 billion, up 9.77% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.57 per share and revenue of $41.17 billion, which would represent changes of +26.78% and +9.1%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for UAL. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.86% higher within the past month. UAL is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, UAL is holding a Forward P/E ratio of 11.09. This represents a discount compared to its industry's average Forward P/E of 13.19.
It is also worth noting that UAL currently has a PEG ratio of 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Transportation - Airline was holding an average PEG ratio of 0.68 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.