United Airlines UAL closed at $47.88 in the latest trading session, marking a +1.35% move from the prior day. This change outpaced the S&P 500’s 0.11% gain on the day. Elsewhere, the Dow saw an upswing of 0.12%, while the tech-heavy Nasdaq depreciated by 0.12%.
The airline’s stock has climbed by 5.54% in the past month, exceeding the Transportation sector’s gain of 1.53% and the S&P 500’s gain of 3.55%.
The upcoming earnings release of United Airlines will be of great interest to investors. The company’s earnings report is expected on April 16, 2024. On that day, United Airlines is projected to report earnings of -$0.53 per share, which would represent year-over-year growth of 15.87%. At the same time, our most recent consensus estimate is projecting a revenue of $12.39 billion, reflecting an 8.37% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.72 per share and a revenue of $57.49 billion,…