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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 - ...
Compared to Estimates, United (UAL) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-15 22:31
For the quarter ended September 2024, United Airlines (UAL) reported revenue of $14.84 billion, up 2.5% over the same period last year. EPS came in at $3.33, compared to $3.65 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $14.76 billion, representing a surprise of +0.54%. The company delivered an EPS surprise of +7.42%, with the consensus EPS estimate being $3.10. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...
United Airlines (UAL) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-15 22:11
United Airlines (UAL) came out with quarterly earnings of $3.33 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $3.65 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.42%. A quarter ago, it was expected that this airline would post earnings of $3.97 per share when it actually produced earnings of $4.14, delivering a surprise of 4.28%. Over the last four quarters, the company h ...
United Airlines Announces Third-Quarter 2024 Financial Results: Exceeds Earnings Per Share Expectations
Prnewswire· 2024-10-15 20:01
Announces $1.5 billion share repurchase program Year-to-date generated $7.2 billion of operating cash flow and $3.4 billion free cash flow Company sees revenue trends improve as industry reached an inflection point in the quarter CHICAGO, Oct. 15, 2024 /PRNewswire/ -- United Airlines (UAL) today reported third-quarter 2024 financial results. The company had pre-tax earnings of $1.3 billion, with a pre-tax margin of 8.7%; adjusted pre-tax earnings1 of $1.4 billion, with an adjusted pre-tax margin1 of 9.7%. T ...
United(UAL) - 2024 Q3 - Quarterly Results
2024-10-15 20:00
News Release United Airlines Worldwide Media Relations 872.825.8640 media.relations@united.com United Airlines Announces Third-Quarter 2024 Financial Results: Exceeds Earnings Per Share Expectations Announces $1.5 billion share repurchase program Year-to-date generated $7.2 billion of operating cash flow and $3.4 billion free cash flow Company sees revenue trends improve as industry reached an inflection point in the quarter CHICAGO, Oct. 15, 2024 – United Airlines (UAL) today reported third-quarter 2024 fi ...
Can United Airlines Stock Climb Higher After 56% Gain This Year? Bullish Momentum Builds Ahead Of Q3 Earnings
Benzinga· 2024-10-15 12:10
United Airlines Holdings Inc UAL will report its third-quarter earnings on Tuesday following the market close, and investors will watch closely. Wall Street expects the company to deliver earnings per share (EPS) of $3.13 and revenues of $14.78 billion. With the stock up a significant 60.71% over the past year and 56.02% year-to-date, there's plenty of anticipation surrounding UAL's performance. Let's look at what the charts indicate for United Airlines stock and how it currently maps against Wall Street es ...
A 14% Drop In United Airlines Earnings In Q3 Seems Likely
Forbes· 2024-10-14 13:00
NEWARK, NJ - SEPTEMBER 28: An American Airlines airplane passes behind a United Airlines airplane at ... [+] Newark Liberty International Airport on September 28, 2024, in Newark, New Jersey. (Photo by Gary Hershorn/Getty Images) Getty Images United Airlines (NASDAQ: UAL) will report its Q3 2024 results on Wednesday, October 16. We expect the company's revenues to come in at $14.85 billion and earnings to be $3.15 per share, slightly ahead of the consensus estimates of $14.78 billion and $3.12, respectively ...