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Gear Up for United (UAL) Q3 Earnings: Wall Street Estimates for Key Metrics

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In its upcoming report, United Airlines (UAL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.10 per share, reflecting a decline of 15.1% compared to the same period last year. Revenues are forecasted to be $14.76 billion, representing a year-over-year increase of 1.9%.

Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.7% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

With that in mind, let's delve into the average projections of some United metrics that are commonly tracked and projected by analysts on Wall Street.

Analysts predict that the 'Operating revenue- Passenger revenue' will reach $13.63 billion. The estimate points to a change of +2.1% from the year-ago quarter.

According to the collective judgment of analysts, 'Operating revenue- Other operating revenue' should come in at $884.13 million. The estimate indicates a change of +10.2% from the prior-year quarter.

The consensus estimate for 'Operating revenue- Cargo' stands at $380.02 million. The estimate points to a change of +14.1% from the year-ago quarter.

The average prediction of analysts places 'Passenger load factor - Consolidated' at 85.5%. The estimate is in contrast to the year-ago figure of 86.4%.

Based on the collective assessment of analysts, 'Total revenue per available seat mile (TRASM)' should arrive at 18.32 cents. The estimate compares to the year-ago value of 18.49 cents.

The combined assessment of analysts suggests that 'CASM-ex (excluding special charges, third-party business expenses, fuel, and profit sharing)' will likely reach 12.18 cents. The estimate compares to the year-ago value of 11.51 cents.

It is projected by analysts that the 'PRASM (Passenger revenue per available seat mile)' will reach 16.74 cents. The estimate compares to the year-ago value of 17.04 cents.

Analysts expect 'ASMs (Available seat miles)' to come in at 81,549.45 million. Compared to the current estimate, the company reported 78.35 billion in the same quarter of the previous year.

The collective assessment of analysts points to an estimated 'RPMs (Revenue passenger miles)' of 69,771.73 million. Compared to the current estimate, the company reported 67.69 billion in the same quarter of the previous year.

Analysts' assessment points toward 'Average yield per RPM' reaching 19.58 cents. The estimate compares to the year-ago value of 19.72 cents.

The consensus among analysts is that 'Fuel gallons consumed' will reach 1,164.46 MGal. The estimate is in contrast to the year-ago figure of 1,132 MGal.

Analysts forecast 'Cost per ASM (CASM)' to reach 16.36 cents. Compared to the current estimate, the company reported 16.27 cents in the same quarter of the previous year.

View all Key Company Metrics for United here>>>

United shares have witnessed a change of +22.6% in the past month, in contrast to the Zacks S&P 500 composite's +5.9% move. With a Zacks Rank #3 (Hold), UAL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>


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