United Airlines (UAL) Outpaces Stock Market Gains: What You Should Know

United Airlines (UAL) closed the last trading day at USD 37, moving + 1.7% from the previous trading session. The stock exceeded the S&P 500's daily earnings of 0.8%. At the same time, the Dow rose 0.43% and the tech-heavy Nasdaq rose 0.5%.
Wall Street will be looking for a positive UAL record as it nears its next earnings report. This is expected to be October 14, 2020. The company is expected to post earnings per share of $ 7.73, a decrease of 289.93% from the year-ago quarter. The Zacks Consensus estimate for sales predicts net sales of $ 2.62 billion, a decrease of 76.96% from the same period last year.
Looking at the full year, our Zacks Consensus estimates expect analysts to expect earnings of $ 24.84 per share and revenue of $ 16.26 billion. These sums would mean changes of -306.14% and -62.42% compared to the previous year.
Investors should also be aware of the recent changes in analyst estimates for UAL. These revisions help highlight the ever-changing nature of short-term business trends. As a result, we can interpret positive estimates as a good sign of the company's business outlook.
Based on our research, we believe these estimates are directly related to team-based stock movements. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.
The Zacks Rank system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive, externally verified track record of outperformance, with the # 1 stocks posting average annual returns since 1988 of + 25% Zacks Consensus EPS estimate is down 2.95% last month. UAL currently has a Zacks rank of # 4 (Sell).
The transportation industry is part of the transportation sector. This group has a Zacks industry ranking of 238, which is below 6% of all over 250 industries.
The Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
For more information on all of these metrics and more, visit Zacks.com.

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