United Airlines Holdings Inc Up 6.27% To $39.71 After Earnings Beat

Wednesday, October 19, 2022 - United Airlines Holdings Inc (UAL) reported upside earnings and revenues today.

United Airlines Holdings Inc's earnings came in at an EPS of $2.81 per share, 24.00% higher than estimates for an EPS of $2.27 per share. The firm's earnings are up 375% since reporting losses of $1.02 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $12.9 billion. That is an increase of 66.15% in revenues from the year-ago report and is 1.00% higher than consensus estimates set at $12.8 billion.

The stock is up 6.27% to $39.71 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 42. Meanwhile, the average Wall Street analyst rated the stock a Buy.

United Airlines is a major U.S. network carrier. United's hubs include San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international travel than that of legacy peers.