Wall Street brokerages forecast that United Continental Holdings Inc (NYSE:UAL) will post sales of $10.36 billion for the current fiscal quarter, Zacks reports. Sixteen analysts have made estimates for United Continental’s earnings. The lowest sales estimate is $10.16 billion and the highest is $10.48 billion. United Continental reported sales of $9.44 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that United Continental will report full year sales of $41.17 billion for the current financial year, with estimates ranging from $40.94 billion to $41.29 billion. For the next financial year, analysts expect that the company will post sales of $43.95 billion, with estimates ranging from $43.30 billion to $44.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow United Continental.
United Continental (NYSE:UAL) last released its quarterly earnings results on Tuesday, October 16th. The transportation company reported $3.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.01). The firm had revenue of $11 billion for the quarter, compared to analysts’ expectations of $10.95 billion. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share.
Shares of UAL stock traded up $1.98 during trading on Friday, hitting $94.84. 2,688,683 shares of the stock traded hands, compared to its average volume of 3,766,247. United Continental has a 52-week low of $58.93 and a 52-week high of $95.07.
A number of institutional investors have recently bought and sold shares of the stock. Motley Fool Asset Management LLC grew its stake in shares of United Continental by 19.0% in the third quarter. Motley Fool Asset Management LLC now owns 3,584 shares of the transportation company’s stock worth $319,000 after acquiring an additional 572 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of United Continental by 107.0% in the third quarter. Parallel Advisors LLC now owns 1,360 shares of the transportation company’s stock worth $121,000 after acquiring an additional 703 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of United Continental by 2.8% in the third quarter. Mackenzie Financial Corp now owns 27,191 shares of the transportation company’s stock worth $2,422,000 after acquiring an additional 740 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of United Continental by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 110,860 shares of the transportation company’s stock worth $9,873,000 after acquiring an additional 851 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of United Continental by 7.7% in the second quarter. LS Investment Advisors LLC now owns 12,077 shares of the transportation company’s stock worth $842,000 after acquiring an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.
United Continental Company Profile
United Continental Holdings, Inc, together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2017, the company operated a fleet of 1,262 aircraft.
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