United Airlines (UAL) stock rises on strong earnings and revenue projections

From Nasdaq: 2024-12-24 18:00:18

United Airlines (UAL) closed at $101.16, up 1.69% from the previous day, outpacing the S&P 500 and Dow. Analysts expect UAL to post earnings of $2.97 per share, a 48.5% increase year-over-year, with revenue projected at $14.4 billion. Recent analyst estimate revisions reflect optimism about UAL’s business and profitability.

UAL’s full-year estimates predict earnings of $10.27 per share and revenue of $56.77 billion, representing +2.19% and +5.68% changes, respectively. The Zacks Rank system, with UAL holding a #2 (Buy) ranking, has historically outperformed, with #1 stocks generating an average annual return of +25% since 1988. UAL’s Forward P/E ratio of 9.68 indicates a discount compared to the industry average.

The Transportation – Airline industry, part of the Transportation sector, has a Zacks Industry Rank of 29, in the top 12% of all industries. The industry’s average PEG ratio of 1 is comparable to UAL’s 1.08. Zacks Industry Rank data shows that the top 50% rated industries typically outperform the bottom half by a factor of 2 to 1. More information is available on Zacks.com.

Zacks Investment Research has identified 5 stocks set to double in 2024, with previous recommendations soaring +143.0%, +175.9%, +498.3%, and +673.0%. These stocks are flying under Wall Street’s radar, offering an opportunity for significant growth. For more information and recommendations, visit Zacks.com.



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