What to expect from United Airlines report — TradingView News

United Airlines Holdings, Inc. UALThe Chicago-based company with a market capitalization of $15.9 billion operates an extensive global network with primary hubs in the U.S. and offers comprehensive air transportation and related services. The company is expected to report fiscal second-quarter financial results after the market close on Wednesday, July 17.

Ahead of the event, analysts had expected UAL to report earnings of $4.02 per share, down 20.1% from $5.03 per share in the year-ago quarter. The company has consistently topped Wall Street estimates for net earnings in each of its last four quarterly reports. United Airlines topped consensus EPS estimates by an impressive 71.7% in the latest quarter, driven by strong passenger demand and effective cost management.

For fiscal 2024, analysts predict UAL will post earnings per share of $9.93, down 1.2% from $10.05 in fiscal 2023. However, looking ahead, in fiscal 2025, EPS is expected to grow 15% annually to $11.42.

In 2024, UAL outperformed the broader markets, JET AIRPLANE An increase of 3.3% over the same period.

Since the beginning of this year, United Airlines’ stock price has been buoyed by a positive outlook for 2024 despite the challenges posed by the grounding of the Boeing 737 MAX 9. Factors such as projected revenue growth on demand for premium travel, a beat-through Q4 earnings forecast driven by strong holiday travel demand, a 17.5% increase from April 17 on better-than-expected Q1 earnings and an upbeat Q2 earnings outlook have all supported the stock despite Boeing’s safety crisis.

The analyst consensus on United Airlines stock is bullish, with an overall rating of “Strong Buy.” Of the 19 analysts covering the stock, 16 recommend a “Strong Buy,” one has a “Moderate Buy” rating, and two give a “Hold” rating. This setup is more bullish than it was three months ago, with 13 analysts suggesting a “Strong Buy.”

The average analyst price target for UAL shares is $67.59, suggesting a modest potential upside of 39.3% from current levels.

On the date of publication, Sohini Mondal did not hold (directly or indirectly) a position in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. For further information, please refer to Barchart’s Disclosure Policy here.