Time: 2024-06-20
United Airlines Holdings (UAL) closed at $52.05, with a -1.85% adjustment from the previous day. This performance lagged behind the S&P 500's daily gain of 0.27% and the tech-heavy Nasdaq's increase of 0.88%. In the transportation sector, UAL shares had lost 2.52% over the past month, narrower than the sector's loss of 3.57% but behind the S&P 500's gain of 2.85%.
Analysts are closely monitoring United Airlines' upcoming earnings disclosure. The company's projected EPS is $4.02, a 20.08% drop from the previous year. Revenue is estimated at $15.31 billion, showing an 8% increase from the same quarter last year. For the annual period, earnings are forecasted at $9.93 per share and revenue at $57.83 billion, indicating shifts of -1.19% and +7.65% respectively.
Investors should pay attention to analyst estimates for United Airlines as they reflect short-term business dynamics. Positive estimate revisions can indicate a favorable business outlook. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has historically shown superior performance, with #1 stocks yielding an average annual return of +25% since 1988. United Airlines currently holds a Zacks Rank of #3 (Hold).
Valuation is crucial, with United Airlines having a Forward P/E ratio of 5.34, below the industry average of 8.94. The PEG ratio, which incorporates expected earnings growth, is 0.53 for UAL, compared to the industry average of 0.83. The Transportation - Airline industry has a Zacks Industry Rank of 171, placing it in the bottom 33% of all industries.
The Zacks Industry Rank, which assesses industry vigor, shows that top-rated industries outperform the bottom half by a factor of 2 to 1. Investors should continue to monitor stock-impacting metrics and industry trends in the upcoming trading sessions to make informed decisions about United Airlines Holdings Inc (UAL) stock.
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