- United Airlines’ 3Q adjusted EPS was $3.65, beating the estimate of $3.34 and last year’s $2.81.
- The company’s operating revenue was $14.48 billion, a 12% increase from the previous year and slightly above the estimate of $14.42 billion.
- Passenger revenue rose by 15% to $13.35 billion, beating the estimate of $13.25 billion.
- Cargo revenue fell by 33% to $333 million, which was below the estimated $347.6 million.
- Other revenue increased by 10% to $802 million, slightly below the estimated $816.7 million.
- Revenue passenger miles were 67.69 billion, a 15% increase from the previous year, but slightly below the estimated 67.80 billion.
- The airline consumed 1.13 billion gallons of fuel, a 15% increase from the previous year, which was below the estimated 1.15 billion gallons.
- The average price per fuel gallon was $2.95, a 23% decrease from the previous year, and slightly below the estimated $2.97.
- The company’s performance was rated with 15 buys, 6 holds, and 2 sells.
United Airlines Holdings on Smartkarma
Baptista Research, a Smartkarma independent investment research network, recently published a research report on United Airlines Holdings. The report, titled ‘United Airlines Holdings Inc: 4 Factors That Are Driving Growth – Financial Forecasts’, was written by Baptista Research and has a bullish sentiment. According to the report, United Airlines delivered an all-around beat in the most recent quarterly result. The strategic initiatives, including aggressive pilot hiring, fleet expansion, and route optimization, have paid off and put United on a path toward delivering impressive earnings per share. Baptista Research gave United Airlines Holdings a ‘Buy’ rating with a revised target price.
The research report from Baptista Research is one of many reports available on Smartkarma, an independent investment research network. Smartkarma features top independent analysts and research reports on companies like United Airlines Holdings. Smartkarma also offers detailed financial forecasts for United Airlines Holdings, giving investors an in-depth look at the company. With the help of Smartkarma, investors can make informed decisions about the future of United Airlines Holdings.
A look at United Airlines Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
United Airlines Holdings Inc is an airline holding company that owns and operates airlines that transport persons, property and mail throughout the United States and abroad. The Smartkarma Smart Scores suggest that the long-term outlook for the company is promising, with an overall score of 3 out of 5. United Airlines Holdings scores particularly well on Growth and Value, with a score of 5 and 3 respectively, indicating that the company has potential for long-term growth and returns. On the other hand, the company scores lower on Resilience and Dividend, with scores of 2 and 1 respectively, indicating that the company may be less resilient in the face of market volatility and does not offer a dividend.
Overall, the Smartkarma Smart Scores suggest that United Airlines Holdings has a promising long-term outlook, with potential for growth and returns. However, the company may be less resilient in the face of market volatility and does not offer a dividend. Investors should take these factors into consideration when considering investing in United Airlines Holdings.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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