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Here's Why United Airlines (UAL) is a Strong Momentum Stock
ZACKS· 2024-10-24 14:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...
Is United Airlines Stock a Buy Post Q3 Earnings & Revenue Beat?
ZACKS· 2024-10-21 16:25
Last Tuesday, on Oct. 15, United Airlines (UAL) reported strong third-quarter 2024 results, driven by upbeat air travel demand and low fuel prices. This Chicago-based company announced a $1.5 billion share buyback plan, highlighting its pro-shareholder approach. This was the first buyback program announced by UAL since suspending share repurchases during the Covid-19 pandemic. The earnings outlook issued by the company for the December quarter also looks promising.UAL shares have gained more than 15% since ...
Is There More Upside For United Airlines Stock?
Forbes· 2024-10-21 11:00
A Boeing 787-8 Dreamliner from United Airlines lands at Barcelona airport in Barcelona, Spain, on ... [+] October 15, 2024. (Photo by Joan Valls/Urbanandsport /NurPhoto via Getty Images) — (Photo by Urbanandsport/NurPhoto via Getty Images)NurPhoto via Getty ImagesUnited Airlines stock (NASDAQ: UAL) recently reported its Q3 results, with revenues aligning and earnings exceeding our estimates. The company reported revenue of $14.8 billion and adjusted earnings of $3.33 per share, compared to our estimates of ...
S&P 500 Gains and Losses Today: United Airlines Soars on Strong Earnings, $1.5B Buyback
Investopedia· 2024-10-16 21:55
Key Takeaways The S&P 500 added 0.5% on Wednesday, Oct. 16, 2024, driven by upbeat earnings reports and a rebound among semiconductor stocks. United Airlines shares took off after the company topped quarterly estimates and announced a $1.5 billion share buyback plan. Shares of KLA and Applied Materials extended losses following a disappointing outlook from semiconductor equipment peer ASML. Major U.S. indexes gained ground Wednesday as investors reacted to strong earnings reports and semiconductor stocks bo ...
Why United Airlines Stock Soared 12% to Its Highest Level Since Early 2020
Investopedia· 2024-10-16 21:55
Key Takeaways United Airlines was the best-performing stock in the S&P 500 on Wednesday, gaining 12% and trading at its highest level since February 2020, when the spread of Covid-19 first began to rattle travel stocks. United executives said the U.S. airline industry had reached an "inflection point," and forecast yields and margins would improve next year. Business travel, executives said, has continued to recover from its pandemic slump, helping to push U.S. airport traffic to record highs. United Airlin ...
United Airlines Q3 Earnings & Revenues Surpass Estimates
ZACKS· 2024-10-16 19:45
United Airlines Holdings, Inc. (UAL) reported third-quarter 2024 earnings per share (EPS) (excluding 43 cents from non-recurring items) of $3.33, which surpassed the Zacks Consensus Estimate of $3.10. Earnings decreased 8.8% on a year-over-year basis. Find the latest EPS estimates and surprises on ZacksEarnings Calendar. Operating revenues of $14.84 billion beat the Zacks Consensus Estimate of $14.76 billion. The top line increased 2.5% year over year due to upbeat air-travel demand. This was driven by a 1. ...
United Airlines Stock Takes Flight After Earnings
Schaeffers Investment Research· 2024-10-16 14:30
United Airlines Holdings Inc (NASDAQ:UAL) stock is trading at more than four-year highs after earnings, up 7.4% at $68.77 at last check. The airline giant beat third-quarter earnings and revenue estimates, and announced a $1.5 billion stock buyback program -- its first since pre-pandemic trading. Unsurprisingly, options traders are all over UAL after the results. Already today, more than 72,000 calls and 52,000 puts have been traded, which is 13 times the average intraday volume. The October 72 call is seei ...
United Airlines Unveils Stock Buyback As Labor Decries ‘Greedheads'
Forbes· 2024-10-16 13:33
Passengers check in for United Airlines flights at O'Hare International Airport in January. (Photo ... [+] by Scott Olson) Getty Images United Airlines, which beat Wall Street estimates due to strong demand, announced a $1.5 billion stock buyback plan, underscoring a seeming return to an investor focus that had diminished in the pandemic. The move brought cheers from an analyst and condemnation from Sara Nelson, president of the Association of Flight Attendants, who drew a comparison with a hedge fund's bid ...
United Airlines Unveils $1.5B Buyback, Results Top Estimates
Investopedia· 2024-10-16 13:10
KEY TAKEAWAYS United Airlines unveiled plans for a $1.5 billion share buyback, its first since the pandemic, as the carrier also reported quarterly results that beat analysts' estimates. United reported third-quarter adjusted EPS of $3.33, ahead of its own guidance and those of analysts polled by Visible Alpha. It also projected adjusted EPS of $2.50 to $3.00 a share in the fourth quarter and said "unproductive capacity" had left the market. United Airlines (UAL) unveiled plans for a $1.5 billion share buyb ...
Markets Unwind China, Oil Prices; UAL, IBKR, JBHT Report Q3
ZACKS· 2024-10-15 22:51
Tuesday, October 15th, 2024 It was a trading day that flushed out some of the extreme positivity following Monday's close with the Dow and S&P 500 at new all-time highs. An unwinding of Chinese stock valuations as questions remain about fiscal stimulus plans going forward — JD (JD) sank -9% and Alibaba (BABA) was down -5.5% — met up with a notable drop in spot oil prices — ExxonMobil (XOM) -3%, Chevron (CVX) -2.7%. Overall, markets were down today: the Dow slipped -324 points, -0.75%, and the S&P was down - ...