In the latest trading session, United Airlines (UAL) closed at $42.42, marking a +0.21% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.59% for the day. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.66%.
The the stock of airline has risen by 5.77% in the past month, lagging the Transportation sector’s gain of 8.79% and overreaching the S&P 500’s gain of 5.16%.
The investment community will be closely monitoring the performance of United Airlines in its forthcoming earnings report. The company is forecasted to report an EPS of $1.63, showcasing a 33.74% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $13.53 billion, up 9.14% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.67 per share and a revenue of $53.64 billion, signifying shifts of +283.73% and +19.32%,…