United Airlines (UAL) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 71.70%. A quarter ago, it was expected that this airline would post earnings of $1.61 per share when it actually produced earnings of $2, delivering a surprise of 24.22%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
United , which belongs to the Zacks Transportation – Airline industry, posted revenues of $12.54 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 0.89%. This compares to year-ago revenues of $11.43 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future…