United Airlines (UAL) to Announce Q4 Earnings on January 20 with EPS Estimate of $2.94
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 23h ago
0mins
Source: seekingalpha
- Earnings Announcement: United Airlines is set to release its Q4 2023 earnings report on January 20 after market close, with a consensus EPS estimate of $2.94, reflecting a 9.8% year-over-year decline, which may impact investor confidence in the company's profitability.
- Revenue Expectations: The revenue estimate for Q4 stands at $15.34 billion, representing a 4.6% year-over-year increase, indicating that despite challenges, United Airlines is striving for revenue growth, reflecting resilience in market demand.
- Historical Performance: Over the past two years, United Airlines has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, which may bolster investor confidence and attract more capital inflow due to its consistent performance.
- Estimate Revisions: In the last three months, EPS estimates have seen 9 upward revisions and 7 downward revisions, while revenue estimates have experienced 8 upward and 4 downward revisions, indicating analyst divergence on the company's future performance, which could affect stock price volatility.
Analyst Views on UAL
Wall Street analysts forecast UAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UAL is 139.07 USD with a low forecast of 115.00 USD and a high forecast of 156.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Analyst Rating
15 Buy
1 Hold
0 Sell
Strong Buy
Current: 113.490
Low
115.00
Averages
139.07
High
156.00
Current: 113.490
Low
115.00
Averages
139.07
High
156.00
About UAL
United Airlines Holdings, Inc. is a holding company. The Company transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. The Company, through United Airlines, Inc., and its regional carriers, operates across six continents, with hubs at Chicago O'Hare International Airport (ORD), Denver International Airport (DEN), George Bush Intercontinental Airport (IAH), Los Angeles International Airport (LAX), Newark Liberty International Airport (EWR), San Francisco International Airport (SFO), Washington Dulles International Airport (IAD) and A.B. Won Pat International Airport (GUM). Its hub and spoke system allow it to transport passengers between a large number of destinations with frequent services. The Company has contractual relationships with various regional carriers to provide regional aircraft service branded as United Express. It provides freight and mail transportation services (Air Cargo).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
