United Airlines Sees Q1 2024 Adj. EPS $(0.85)-$(0.35) Vs $(0.21) Estimate; Sees FY24 Adj. EPS $9.00-$11.00 Vs $9.58 Estimate
Portfolio Pulse from Benzinga Newsdesk
United Airlines forecasts a Q1 2024 adjusted EPS of $(0.85)-$(0.35), which is below the $(0.21) estimate. For the full year 2024, the company expects an adjusted EPS of $9.00-$11.00, compared to the $9.58 estimate.
January 22, 2024 | 9:34 pm
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NEGATIVE IMPACT
United Airlines anticipates a lower Q1 2024 adjusted EPS than analysts estimated, but a potentially higher full-year EPS.
The lower than expected Q1 2024 EPS guidance is likely to negatively impact investor sentiment in the short term, as it suggests a weaker upcoming quarter than analysts anticipated. However, the full-year guidance range has a midpoint above the analyst estimate, which could indicate confidence in the company's performance over the longer term. The immediate reaction to the Q1 guidance might be negative, but the full-year outlook could mitigate some of the negative sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100