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United (UAL) Reports Q1 Earnings: What Key Metrics Have to Say
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For the quarter ended March 2023, United Airlines (UAL - Free Report) reported revenue of $11.43 billion, up 51.1% over the same period last year. EPS came in at -$0.63, compared to -$4.24 in the year-ago quarter.
The reported revenue represents a surprise of +0.07% over the Zacks Consensus Estimate of $11.42 billion. With the consensus EPS estimate being -$0.73, the EPS surprise was +13.70%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 79.9% versus the five-analyst average estimate of 82.19%.
Passenger revenue per available seat mile: 15.63 cents versus the five-analyst average estimate of 15.84 cents.
Total revenue per available seat mile: 17.39 cents compared to the 17.62 cents average estimate based on five analysts.
Available seat miles (ASMs): 65720 million versus the five-analyst average estimate of 64965.23 million.
Cost per available seat mile (CASM): 17.46 cents versus the four-analyst average estimate of 16.13 cents.
Average fuel price per gallon: $3.33 compared to the $3.32 average estimate based on four analysts.
Revenue passenger miles (RPMs): 52532 million compared to the 53552.87 million average estimate based on four analysts.
Fuel gallons consumed: 952 MGal versus the four-analyst average estimate of 942.66 MGal.
Average yield per revenue passenger mile: 19.56 cents versus 19.28 cents estimated by four analysts on average.
Operating revenue- Total passenger revenue: $10.27 billion compared to the $10.23 billion average estimate based on seven analysts.
Operating revenues- Other: $757 million versus the six-analyst average estimate of $677.66 million.
Operating revenue- Cargo: $398 million versus the six-analyst average estimate of $481.71 million.
Shares of United have returned -1.7% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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United (UAL) Reports Q1 Earnings: What Key Metrics Have to Say
For the quarter ended March 2023, United Airlines (UAL - Free Report) reported revenue of $11.43 billion, up 51.1% over the same period last year. EPS came in at -$0.63, compared to -$4.24 in the year-ago quarter.
The reported revenue represents a surprise of +0.07% over the Zacks Consensus Estimate of $11.42 billion. With the consensus EPS estimate being -$0.73, the EPS surprise was +13.70%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 79.9% versus the five-analyst average estimate of 82.19%.
- Passenger revenue per available seat mile: 15.63 cents versus the five-analyst average estimate of 15.84 cents.
- Total revenue per available seat mile: 17.39 cents compared to the 17.62 cents average estimate based on five analysts.
- Available seat miles (ASMs): 65720 million versus the five-analyst average estimate of 64965.23 million.
- Cost per available seat mile (CASM): 17.46 cents versus the four-analyst average estimate of 16.13 cents.
- Average fuel price per gallon: $3.33 compared to the $3.32 average estimate based on four analysts.
- Revenue passenger miles (RPMs): 52532 million compared to the 53552.87 million average estimate based on four analysts.
- Fuel gallons consumed: 952 MGal versus the four-analyst average estimate of 942.66 MGal.
- Average yield per revenue passenger mile: 19.56 cents versus 19.28 cents estimated by four analysts on average.
- Operating revenue- Total passenger revenue: $10.27 billion compared to the $10.23 billion average estimate based on seven analysts.
- Operating revenues- Other: $757 million versus the six-analyst average estimate of $677.66 million.
- Operating revenue- Cargo: $398 million versus the six-analyst average estimate of $481.71 million.
View all Key Company Metrics for United here>>>Shares of United have returned -1.7% over the past month versus the Zacks S&P 500 composite's +6.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.