United Airlines Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
United Airlines Holdings, Inc. (NASDAQ:UAL) is anticipated to report lower Q4 earnings at $1.70 per share compared to $2.46 per share in the previous year. Revenue is expected to be $13.54 billion, up from $12.4 billion. The company announced a $2.6 billion renovation of Terminal B at IAH. UAL shares dropped 2.4% to $38.82. Analysts have revised their price targets and ratings, with the most accurate analysts having accuracy rates ranging from 62% to 66%.
January 22, 2024 | 3:15 pm
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United Airlines is projected to report lower Q4 earnings per share but higher revenue. The stock price fell ahead of the earnings call, and analysts have updated their ratings and price targets.
The expected decrease in earnings per share (EPS) is likely to negatively impact investor sentiment in the short term, despite the increase in revenue. The recent drop in stock price reflects market anticipation of the earnings report. Analysts' revisions and ratings, which show a mix of upgrades and downgrades in price targets, may also contribute to uncertainty and potential volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100