Earnings Outlook For United Airlines Holdings
Portfolio Pulse from Benzinga Insights
United Airlines Holdings (NASDAQ:UAL) is expected to release its quarterly earnings report on Monday, 2024-01-22, with an estimated EPS of $1.70. Investors are looking for an earnings beat and positive guidance for the next quarter. In the past, UAL's stock price has shown volatility post-earnings, with a 9.67% drop after beating EPS last quarter. Shares are currently trading at $39.77, down 18.73% over the last 52 weeks.
January 19, 2024 | 2:00 pm
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United Airlines Holdings is anticipated to report quarterly earnings with an EPS estimate of $1.70. Past earnings have led to significant stock price movements, and long-term shareholders have seen an 18.73% decline over the past year.
The short-term impact on UAL's stock price will likely hinge on whether the earnings beat estimates and the nature of the forward-looking guidance. Historical data shows that even with an earnings beat, the stock price can react negatively if the guidance is not favorable. The current downward trend in the stock price over the past year may also temper any positive reaction to an earnings beat.
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