2023-04-17 16:21:09 ET
- United Airlines ( NASDAQ: UAL ) is scheduled to announce Q1 earnings results on Tuesday, April 18th, after market close.
- The consensus EPS Estimate is -$0.73 and the consensus Revenue Estimate is $11.43B .
- Over the last 2 years, UAL has beaten EPS estimates 63% of the time and has beaten revenue estimates 63% of the time.
- Over the last 3 months, EPS estimates have seen 0 upward revisions and 11 downward. Revenue estimates have seen 6 upward revisions and 2 downward.
- The company on Jan. 17 reported Q4 Non-GAAP EPS of $2.46, beating by $0.33. Revenue of $12.4B was +51.4% Y/Y and ahead of consensus by $170M.
- UAL has a Quant rating of Strong Buy, with a 4.78 rating score.
- UAL has an industry ranking of 3 out of 27 among airline stocks, as per SA's Quant ranking.
- Wall Street analysts rate and Seeking Alpha authors rate the UAL stock "BUY".
- Dhierin Bechai, leader of the The Aerospace Forum Investing Group on Seeking Alpha, said in his latest report "I continue to believe United Airlines stock offers significant upside and, therefore, I am maintaining my buy rating on the stock. United Airlines has already guided down for Q1, and whether they beat or miss analyst expectations, what counts for me is that they have already provided some color on Q2, making it clear that some of the Q1 strength earlier expected is flowing into Q2 and some costs that were expected in Q2 are flowing into Q1."
- Bechai does not expect a meltdown with the UAL stock unlike AAL, saying United was quick to dial down expectations driven by timing of demand and costs.
- Other analysis from our contributors: United Airlines Is Ready To Fly Higher by Josh Arnold, leader of the Investing Group Timely Trader .
- UAL fell 14.8% in 2022, while the benchmark S&P 500 index slipped nearly 20% for the year.
- Stock is up 11.6% this year as of Friday's close.
For further details see:
United Airlines Q1 earnings on deck, what to expect