United Airlines Holdings, Inc. (NASDAQ:UAL) is set to announce third quarter earning results on Wednesday 14th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, UAL to report 3Q20 loss of $ 7.44 per share.
For the full year, analysts anticipate top line of $ 15729.80 million, while looking forward to loss of $ 24.23 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 11.00 ~ $ 13.00 per share
Click Here For More Historical Outlooks Of United Airlines Holdings, Inc.
Previous Quarter Performance
United Airlines Holdings, Inc. announced loss for the second quarter of $ 9.31 per share, from the revenue of $ 1,475.00 million. The quarterly revenues contracted 87.06 percent compared with the same quarter last year. Street analysts expected United Airlines Holdings, Inc. to report loss of $ 9.02 per share on revenue of $ 1320.84 million for the second quarter. The bottom line results missed street analysts by $ 0.29 or 3.22 percent, at the same time, top line results outshined analysts by $ 154.16 million or 11.67 percent.
Stock Performance
Shares of United Airlines Holdings, Inc. traded low $ -1.12 or -3.08 percent on Tuesday, reaching $ 35.26 with volume of 17.30 million shares. United Airlines Holdings, Inc. has traded high as $ 35.95 and has cracked $ 35.22 on the downward trend
According to the previous trading day, closing price of $ 35.26, representing a 104.38 % increase from the 52 week low of $ 17.80 and a 61.77 % decrease over the 52 week high of $ 95.16.
The company has a market capital of $ 10.26 billion and is part of the Industrials sector and Airlines industry.
Recent Analyst recommendations
- On 8th September 2020, initiated by Morgan Stanley at Underweight rating, with $ 37.00 target price.
United Airlines Holdings, Inc., through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
