Get ready for United Airlines Holdings, Inc. (UAL) earnings report! The Chicago-based airline will be releasing its financial results for the third quarter before the market opens on Tuesday, October 15th.
Analysts are expecting a slight dip in earnings per share compared to last year, with estimates pointing to $3.17 per share, down from $3.65 in the same period last year. Despite this potential decline, analysts are forecasting an increase in revenue. United Airlines is projecting revenue of $14.78 billion for the recent quarter, up from $14.44 billion a year earlier. These figures come from data provided by Benzinga Pro.
Exciting news for travel enthusiasts! United Airlines recently unveiled its most ambitious international expansion yet, adding service to eight new cities. Starting in May 2025, the airline plans to launch five new nonstop flights from its Newark/New York hub to destinations that are currently not served by other U.S. airlines. This expansion is a strong indicator of the company’s commitment to growth and its ability to tap into new markets.
While analysts are expecting a slight dip in earnings per share, several analysts remain optimistic about United Airlines’ future.
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Susquehanna analyst Christopher Stathoulopoulos
maintained a Positive rating and raised the price target from $60 to $70 on October 9th. This analyst has an accuracy rate of 75%.*
Jefferies analyst Sheila Kahyaoglu
maintained a Buy rating and raised the price target from $69 to $75 on October 2nd. This analyst has an accuracy rate of 68%.*
Citigroup analyst Stephen Trent
maintained a Buy rating and raised the price target from $80 to $96 on May 29th. This analyst has an accuracy rate of 70%.*
Raymond James analyst Savanthi Syth
maintained an Outperform rating and raised the price target from $66 to $70 on April 18th. This analyst has an accuracy rate of 65%.United Airlines shares closed at $63.53 on Monday, up 2.8% for the day.
The upcoming earnings release will be a key event for investors to watch as it will provide insights into the airline’s performance and future outlook. Keep an eye on the news for the latest updates on United Airlines’ Q3 results.