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United Airlines (UAL) Stock Sinks As Market Gains: Here's Why
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The latest trading session saw United Airlines (UAL - Free Report) ending at $52.05, denoting a -1.85% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.27%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.88%.
Prior to today's trading, shares of the airline had lost 2.52% over the past month. This has was narrower than the Transportation sector's loss of 3.57% and lagged the S&P 500's gain of 2.85% in that time.
Analysts and investors alike will be keeping a close eye on the performance of United Airlines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.02, signifying a 20.08% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.31 billion, indicating an 8% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.93 per share and a revenue of $57.83 billion, signifying shifts of -1.19% and +7.65%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for United Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, United Airlines holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 5.34 right now. This expresses a discount compared to the average Forward P/E of 8.94 of its industry.
We can also see that UAL currently has a PEG ratio of 0.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Transportation - Airline industry had an average PEG ratio of 0.83 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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United Airlines (UAL) Stock Sinks As Market Gains: Here's Why
The latest trading session saw United Airlines (UAL - Free Report) ending at $52.05, denoting a -1.85% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily gain of 0.27%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq added 0.88%.
Prior to today's trading, shares of the airline had lost 2.52% over the past month. This has was narrower than the Transportation sector's loss of 3.57% and lagged the S&P 500's gain of 2.85% in that time.
Analysts and investors alike will be keeping a close eye on the performance of United Airlines in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.02, signifying a 20.08% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $15.31 billion, indicating an 8% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.93 per share and a revenue of $57.83 billion, signifying shifts of -1.19% and +7.65%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for United Airlines. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, United Airlines holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that United Airlines has a Forward P/E ratio of 5.34 right now. This expresses a discount compared to the average Forward P/E of 8.94 of its industry.
We can also see that UAL currently has a PEG ratio of 0.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Transportation - Airline industry had an average PEG ratio of 0.83 as trading concluded yesterday.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.