United Airlines (UAL) Registers a Bigger Fall Than the Market: Important Facts to Note
Source: Zacks ·
In the closing of the recent trading day, United Airlines (UAL) stood at $110.66, denoting a -3.95% move from the preceding trading day.
From the source
United Airlines (UAL) ended the recent trading session at $110.66, demonstrating a -3.95% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%. The airline's stock has dropped by 1.87% in the past month, exceeding the Transportation sector's loss of 6.27% and lagging the S&P 500's gain of 1.26%. The investment community will be paying close attention to the earnings performance of United Airlines in its upcoming release. The company is forecasted to report an EPS of $3.01, showcasing a 8.27% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $17.77 billion, indicating a 16.68% increase compared to the same quarter of the previous year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $9.91 per share and a revenue of $67.53 billion, signifying…