Earnings from United Airlines Holdings Inc. [UAL] are scheduled on April 19, 2021, after the market closes. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
UAL Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn -$7.05 per share on revenue of $3.27B. Taking a look at the future, the company is projected to report revenue of $5.18B at an earnings per share of -$3.98 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 52.70% in revenue and 126.30% in earnings per share for the company.
UAL Stock Earnings Forecast For The Current Year
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For the full financial year, United Airlines Holdings Inc. [NASDAQ:UAL] is forecasted to generate revenue of $23.2B. The figure is about $7.84 billion above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$11.05 in 2021, which is $16.52 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 59.90% this year, 126.20% next year, and -25.40% annually over the next five years. With regard to sales, forecasts suggest an incline of 51.10% in current fiscal year and 52.70% over following year.
UAL Stock Price Performance
At a recent check today, United Airlines Holdings Inc. [NASDAQ:UAL] finished down -1.43% at $55.07. The stock’s highest single-day price was $57.15, and its lowest was $55.71. Its price fall -4.38% in the last five days. Since the beginning of the year, United Airlines Holdings Inc.’s shares are up nearly 29.18%. However, the share price is -13.55% below its one year high. The top price reached by the shares of the company was $63.70 on 03/18/21, while the 52-week low came on 02/01/21, when the shares were $39.17. In the past year, shares of the company have risen 98.05%. At 50 days, the moving average achieved is $53.77 while at 200 days, the moving average is $42.19. There were 4.82 million shares traded in the last session, down from 10.62 million in the previous session.
United Airlines Holdings Inc. [NASDAQ:UAL] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.18 PS value ratio is reported for the last one year of reported earnings. This is above the average return 1.11 for the industry, which means UAL offers an unattractive investment opportunity than its competitors do.
UAL Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 55.00 level, and the violation of this level will cause a further drop to 55.34 level. At the upper end, 58.22 remains a key resistance. As the stock increases, it may find resistance at 57.68. In the 14-day chart, the Relative Strength Index standing at 45.58 suggests a technical neutral stance while the MACD standing at -1.77 indicates price will decrease in the next trading period. Stochastic %K at 26.75% suggests holding the stock while Percent R indicator at 76.07% suggests bearish price movement.
How much is the short interest in United Airlines Holdings Inc.?
There have been a drop in short interest in the United Airlines Holdings Inc. Financial stock, with short interest down by -2.0 million shares to 14.25 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 12.25 million shares. This 14.04% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 4.29% of the overall float in the stock, while the stock’s days to cover moved to 0.69.
How do analysts view United Airlines Holdings Inc.?
In regard to the share price forecast for United Airlines Holdings Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $62.00 in the next twelve months, representing almost an 11.18% growth from its recent price of $55.07. Among United Airlines Holdings Inc. stock projections, $80.00 is the highest analyst target for the stock, while $35.00 is the lowest. Despite this, 21 analysts who share their consensus rating for UAL in 2021 agree that the stock is a Hold. The latest rating change took place on 4/16/21, when Argus Research Ratings upgraded the stock from “Hold” to “Buy.”