Wall Street analysts expect United Airlines Holdings, Inc. (NASDAQ:UAL) to report $8.40 billion in sales for the current quarter, Zacks Investment Research reports. Eighteen analysts have provided estimates for United Airlines’ earnings, with the lowest sales estimate coming in at $7.23 billion and the highest estimate coming in at $8.85 billion. United Airlines reported sales of $2.49 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 237.3%. The company is expected to announce its next quarterly earnings report on Wednesday, October 13th.
According to Zacks, analysts expect that United Airlines will report full-year sales of $26.06 billion for the current year, with estimates ranging from $24.65 billion to $28.11 billion. For the next fiscal year, analysts expect that the company will post sales of $40.39 billion, with estimates ranging from $33.41 billion to $45.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover United Airlines.
United Airlines (NASDAQ:UAL) last issued its earnings results on Monday, July 19th. The transportation company reported ($3.91) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($4.17) by $0.26. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.33 billion. United Airlines had a negative return on equity of 140.25% and a negative net margin of 37.89%. United Airlines’s revenue was up 270.9% on a year-over-year basis. During the same period in the previous year, the company posted ($9.31) EPS.
A number of equities research analysts have weighed in on the company. MKM Partners decreased their target price on United Airlines from $65.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, July 22nd. boosted their price target on United Airlines from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, June…