United Continental (UAL) got here out with a quarterly lack of $7 per share versus the Zacks Consen
United Continental (UAL) got here out with a quarterly lack of $7 per share versus the Zacks Consensus Estimate of a lack of $6.56. This compares to earnings of $2.67 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -6.71%. 1 / 4 in the past, it was anticipated that this airline would put up a lack of $7.63 per share when it truly produced a lack of $8.16, delivering a shock of -6.95%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates simply as soon as.
United, which belongs to the Zacks Transportation – Airline trade, posted revenues of $3.41 billion for the quarter ended December 2020, lacking the Zacks Consensus Estimate by 0.24%. This compares to year-ago revenues of $10.89 billion. The corporate has topped consensus income estimates two instances over the past 4 quarters.
The sustainability of the inventory’s rapid worth motion primarily based on the recently-released numbers and future earnings expectations will largely rely on administration’s commentary on the earnings name.
United shares have added about 3.5% because the starting of the 12 months versus the S&P 500’s acquire of 1.1%.
What’s Subsequent for United?
Whereas United has outperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?
There aren’t any simple solutions to this key query, however one dependable measure that may assist buyers tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a formidable monitor document of harnessing the facility of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions development for United was blended. Whereas the magnitude and path of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in step with the market within the close to future. You’ll be able to see the entire checklist of immediately’s Zacks #1 Rank (Robust Purchase) shares right here.
It will likely be attention-grabbing to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is -$4.64 on $4.23 billion in revenues for the approaching quarter and -$5.28 on $24.94 billion in revenues for the present fiscal 12 months.
Buyers must be aware of the truth that the outlook for the trade can have a cloth impression on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Transportation – Airline is presently within the backside 11% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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United Airways Holdings Inc (UAL): Free Inventory Evaluation Report
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