We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
United Airlines (UAL) Stock Moves -0.39%: What You Should Know
Read MoreHide Full Article
United Airlines (UAL - Free Report) ended the recent trading session at $43.87, demonstrating a -0.39% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 2.12%. At the same time, the Dow lost 1.51%, and the tech-heavy Nasdaq lost 3.26%.
The airline's shares have seen an increase of 16.26% over the last month, surpassing the Transportation sector's gain of 4.99% and the S&P 500's gain of 5.78%.
Analysts and investors alike will be keeping a close eye on the performance of United Airlines in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.02, marking a 17.26% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $14.97 billion, reflecting a 3.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.63 per share and a revenue of $56.77 billion, demonstrating changes of -4.18% and +5.69%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for United Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.14% rise in the Zacks Consensus EPS estimate. United Airlines is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, United Airlines is holding a Forward P/E ratio of 4.57. This valuation marks a discount compared to its industry's average Forward P/E of 10.01.
One should further note that UAL currently holds a PEG ratio of 0.71. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 226, positioning it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
United Airlines (UAL) Stock Moves -0.39%: What You Should Know
United Airlines (UAL - Free Report) ended the recent trading session at $43.87, demonstrating a -0.39% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 2.12%. At the same time, the Dow lost 1.51%, and the tech-heavy Nasdaq lost 3.26%.
The airline's shares have seen an increase of 16.26% over the last month, surpassing the Transportation sector's gain of 4.99% and the S&P 500's gain of 5.78%.
Analysts and investors alike will be keeping a close eye on the performance of United Airlines in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $3.02, marking a 17.26% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $14.97 billion, reflecting a 3.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.63 per share and a revenue of $56.77 billion, demonstrating changes of -4.18% and +5.69%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for United Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.14% rise in the Zacks Consensus EPS estimate. United Airlines is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, United Airlines is holding a Forward P/E ratio of 4.57. This valuation marks a discount compared to its industry's average Forward P/E of 10.01.
One should further note that UAL currently holds a PEG ratio of 0.71. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Airline was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Transportation - Airline industry is part of the Transportation sector. Currently, this industry holds a Zacks Industry Rank of 226, positioning it in the bottom 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UAL in the coming trading sessions, be sure to utilize Zacks.com.