Equities research analysts forecast that United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) will announce sales of $10.95 billion for the current quarter, according to Zacks. Nineteen analysts have provided estimates for United Airlines’ earnings, with the highest sales estimate coming in at $12.23 billion and the lowest estimate coming in at $9.73 billion. United Airlines posted sales of $5.47 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 100.2%. The company is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that United Airlines will report full-year sales of $42.14 billion for the current fiscal year, with estimates ranging from $39.69 billion to $45.36 billion. For the next fiscal year, analysts forecast that the company will post sales of $48.08 billion, with estimates ranging from $44.96 billion to $51.71 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover United Airlines.
United Airlines (NASDAQ:UAL – Get Rating) last announced its quarterly earnings data on Wednesday, April 20th. The transportation company reported ($4.24) EPS for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $7.68 billion. United Airlines had a negative return on equity of 73.54% and a negative net margin of 6.85%. The firm’s quarterly revenue was up 134.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($7.50) EPS.
A number of brokerages have commented on UAL. Raymond James cut their price objective on shares of United Airlines from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Monday, March 21st. Exane BNP Paribas upgraded shares of United…